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Monday, 11/13/2023 8:59:00 PM

Monday, November 13, 2023 8:59:00 PM

Post# of 46903
ReachOut Technology's current valuation is estimated to be between $30-$40 million. This is based on its recent acquisition of IND Corp for $6.6 million and its rapid growth in the cybersecurity industry.

ReachOut Technology is a public MSP (Managed Service Provider) that provides cybersecurity and IT solutions and services to small and medium businesses. It is the first and only public MSP of its kind, and it is growing rapidly. In 2023, the company achieved 33% YoY growth.

ReachOut Technology is also profitable, with a 250% margin increase in 2023. The company has a strong customer base, with an average customer lifetime value of $201,000, compared to the industry average of $108,000.

ReachOut Technology is led by a powerhouse founder and board of directors, who have a proven track record of success in acquisitions and building public companies with billions of dollars in market.......
Bullish
Bullish