Overtop Projects SL
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Overtop Projects SL - overview
Established
2007
Location
Barcelona, -, Spain
Primary Industry
Outsourcing
About
Overtop Projects SL is a technology firm based in Barcelona, Spain, specializing in advanced software applications that enhance operational efficiency and decision-making processes for various industries. Founded in 2007 by Dianne Fernandez, John Chua, and Marco Sarroca, Overtop Projects SL operates out of Barcelona, Spain. The company focuses on delivering innovative software solutions tailored to meet the needs of businesses across sectors. In May 2017, the company was acquired by Comdata SpA, a portfolio company of Carlyle Group, marking a significant pivot in its business strategy.
Overtop Projects SL specializes in providing innovative software solutions that address the unique needs of clients in finance, healthcare, and retail. These advanced applications are designed to enhance operational efficiency and streamline decision-making processes, enabling businesses to optimize resource allocation and improve data analysis. The products were developed following extensive market research to ensure they effectively tackle current business challenges, serving a diverse customer base that includes small to medium-sized enterprises and large corporations across North America and Europe. In 2017, Overtop Projects SL generated a revenue of USD 9.
62 mn, with an EBITDA of USD 680,832. The company operates on a subscription-based revenue model, facilitating continuous access to its software solutions through annual contracts that provide regular updates and customer support. Revenue is derived from both direct-to-consumer sales and tailored B2B partnerships. With the recent acquisition by Comdata SpA in May 2017, Overtop Projects SL is poised for strategic growth.
The company plans to expand its presence in new markets, targeting specific regions within Europe and North America. Future product launches are in the pipeline, intended to enhance the suite of software solutions available to clients. The resources obtained from the acquisition will be utilized to support these initiatives, enhancing their product offerings and geographical reach.
Current Investors
Comdata S.p.A.
Primary Industry
Outsourcing
Sub Industries
BPO Services
Website
www.overtop.es
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Overtop Projects SL - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 |
|---|---|---|---|---|---|
| Revenue (USD) | 8,049,538.2 | 6,429,555.5 | - | - | - |
| % Revenue Growth (YoY) | - | (20.1%) | - | - | - |
| EBITDA (USD) | 1,963,510.5 | 743,811.4 | - | - | - |
| Operating Income (USD) | 1,887,532.7 | 610,031.4 | - | - | - |
| Operating Margin | 23.4% | 9.5% | - | - | - |
| % EBITDA Margin | 24.4% | 11.6% | - | - | - |
| NET Income (USD) | 1,337,128.5 | 404,205.7 | - | - | - |
| % Net Margin | 16.6% | 6.3% | - | - | - |
Overtop Projects SL - 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 | Overtop Projects SL | - |
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Overtop Projects SL - employee data
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