It would seem that license costs would be anywhere from $700k to $1M per. So if they sell a single license over the course of the next year @ lets assume $800,000 and taking a conservative software PE multiple of 5X, you are looking at a $4,000,000 valuation. We are sitting at roughly 1/10th of that right now. Again this is purely conjecture on my part.
-k
You're never as good as your best trade and never as bad as your worst. Stay in and win!