VERTICAL SOFTWARE PLATFORM WITH RECURRING REVENUE, CHANNEL DISTRIBUTION & SaaS EXPANSION UPSIDE: Normalized SDE: ~$535,000 Current Run-Rate SDE: ~$870,000 This is an opportunity to acquire a well-established vertical market software company serving a specialized business niche through deep integrations with leading ERP and accounting platforms. The business owns 100% of its proprietary software intellectual property and benefits from an embedded distribution network of more than 400 channel partners. The company generates recurring revenue from software licensing, maintenance agreements, subscriptions, and customer support services, supported by a loyal customer base with average relationships spanning 10 to 30 years. Operations are highly transferable, with an experienced team managing day-to-day activities and the owner involved only in a strategic oversight capacity. Historical revenue has ranged from approximately $1.9 million to $2.0 million annually, while recast earnings have consistently generated approximately $450,000 to $600,000 of Seller's Discretionary Earnings. A weighted average of the last three years of recast results produces normalized earnings of approximately $535,000 annually. Current-year performance is substantially stronger, with first-half 2026 results indicating a run-rate approaching $2.2 million in revenue and approximately $870,000 in annualized recast earnings. A significant growth catalyst exists through the migration of an established installed customer base to the company's cloud-based SaaS platform, creating substantial recurring revenue expansion potential without reliance on new customer acquisition. Investment Highlights