Miller Technology Ltd

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Miller Technology Ltd - overview

Established

1984

Location

London, -, UK

Primary Industry

Internet

About

Miller Technology Ltd develops specialized software solutions focused on enhancing membership management for unions and non-profits, offering tailored CRM systems and digital transformation services to optimize client operations. Founded in 1984, Miller Technology Ltd is located in London, UK, and specializes in software tailored for membership management. The company has navigated through strategic pivots and was acquired by ClearCourse Partnership LLP in November 2018, although specific financial terms were not disclosed. Dan Bachand is the CEO of the company, steering its direction since its inception.


Miller Technology has successfully completed one significant deal. Miller Technology provides customized software solutions that cater to the membership management needs of unions, professional bodies, and non-profit organizations. Their primary offerings include both bespoke and off-the-shelf CRM software, enhancing member engagement and facilitating streamlined administration. Key features of their software encompass member self-service, integrated communication tools, and comprehensive membership analytics.


Additionally, they offer digital transformation services to maximize data usage, integrated payment solutions through ClearAccept, and award-winning websites tailored for membership organizations. Their client base spans local societies to national associations across the UK, Europe, and North America. In the most recent financial year of 2023, Miller Technology reported revenue of USD 27. 68 mn with an EBITDA of USD -9.


72 mn. Their revenue model primarily relies on subscription-based services for their software solutions, catering to unions and non-profits, with multi-tier pricing plans designed to meet varying organizational needs. This includes initial setup fees and recurring subscription payments, enhancing engagement through their integrated payment solution ClearAccept. Miller Technology plans to expand its product offerings with new software tools aiming for release in the upcoming year, though specific dates have yet to be disclosed.


The company is also targeting growth in North American markets, intending to establish a stronger presence by 2025. The funding obtained from the acquisition by ClearCourse Partnership LLP will support these initiatives and help Miller Technology enhance its service delivery and market reach.


Current Investors

ClearCourse Partnership Holdings Limited

Primary Industry

Internet

Sub Industries

Web Development, Customer Relationship Management, Content Management Software

Website

www.millertech.co.uk

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Miller Technology Ltd - timeline of key events

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Miller Technology Ltd - financials

Fiscal Year EndedDec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
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EBITDA (USD)-----
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NET Income (USD)(543,594)----
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Miller Technology Ltd - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedMiller Technology Ltd -

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Miller Technology Ltd - employee data

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