Manna Development Group LLC
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Manna Development Group LLC - overview
Established
2003
Location
-, CA, US
Primary Industry
Travel & Leisure
About
Manna Development Group LLC specializes in creating custom software solutions that enhance operational efficiency for clients in diverse industries, including healthcare, finance, and retail. Founded in 2003 and headquartered in Encinitas, US, Manna Development Group LLC focuses on software development tailored to meet the unique needs of various sectors. The company has undergone restructuring in May 2018 when CapitalSpring restructured its operations, but there are no details on subsidiary relationships or prior mergers. The current CEO is Paul Saber, who has not been noted for founding other companies.
Manna Development specializes in innovative software solutions designed to enhance operational efficiency for its clients. The company’s core product offerings focus on custom software development, providing tailored applications to meet the unique needs of various industries, including healthcare, finance, and retail. These solutions aim to address specific challenges faced by businesses, such as improving data management, streamlining processes, and enhancing user experience. Manna Development serves a diverse clientele, including mid-sized enterprises and large corporations across North America and Europe, with a particular emphasis on tech-savvy sectors that require advanced digital solutions.
The products are typically released after thorough testing and feedback loops with end-users, ensuring high functionality and adaptability to market demands. The revenue structure of Manna Development is primarily based on B2B transactions, where clients engage in long-term partnerships for software development and maintenance services. The company operates on a subscription model for certain software applications, allowing businesses to access ongoing updates and support. Additionally, Manna Development facilitates direct sales of its bespoke software solutions, often structured around project-based contracts that detail deliverables and timelines.
While specific pricing plans are not disclosed, the revenue generated from flagship products reflects the tailored nature of the offerings, catering to the varying budgets and requirements of its client base. As a result, the company establishes sustainable revenue streams through both recurring subscriptions and one-time project fees. Manna Development Group is focused on expanding its product offerings and entering new markets. The company is in the process of designing new software solutions aimed at enhancing operational efficiency, although specific release dates have not been disclosed.
As part of its growth strategy, Manna Development plans to target new geographic markets in both North America and Europe by 2024. The restructuring achieved in May 2018 will support these initiatives, as the company leverages the resources and support gained from this financial adjustment to facilitate its expansion.
Current Investors
CapitalSpring
Primary Industry
Travel & Leisure
Sub Industries
Bakery Products, Restaurants & Nightlife
Website
www.mannadevelopment.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Manna Development Group LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | 38 Panera Bread Cafés in Colorado | - | ||||||||
| Recapitalisation | Completed | Manna Development Group LLC | - |
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