Photo - WorkMeter
61117

WorkMeter

Respectfull employee-shared Time tracking solution

Spain
Market: Internet and IT, Information and media
Stage of the project: Operating business

Date of last change: 03.12.2023
Sale price
$  10.000.000
Go to the owner's profile
14
share to sell
100%
Rating
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- is looking for investment
 

Does the enterprise work?

Yes

Idea

B2B SaaS solution to produce transparent shared time metrics with unique value proposition.

Current Status

Over 1,5mill ARR
1000 new leads x year
Cashflow positive
Patent granted in USA
Time to accelerate or get a new owner

Annual sales, $

1500000000

Annual net income, $

500000

Organizational form

SL

Number of employees

15

Problem or Opportunity

People doesn't realize how they use time.
Organization take decisions without data.
Keep remoteworkers is challenging (no trust)

Solution (product or service)

We help to establish a time metrics culture. With an shared transparent full automatic time metrics, both employees and employee can see how the time is used.
Employee controls when system can register time, and product takes care of the employee (digital disconnection, digital wellness).
People realize how they spent their time.
Managers can decide using metrics.
Company can keep remote workers.
Trust, accountability and metrics culture is empowered.

Competitors

TimeDoctor (spy option)
ActiveTrak (scheme shots)

Advantages or differentiators

Our approach is very different.
Employees can control when system is reporting.
Gathered metrics are shown to the employed.
System takes care of the employee health.
No scrensshots. No captures.
Value por the company and for the employees.

Finance

Now 1mill ARR
30% Ebitda
Expected growth: 50% yearly
Price per seat

Business model

Inbound marketing. Online / telephone follow up. Metrics (NDA required)

Market

Banking, insurance, telecom, engineering, services (cross-segment)

Team or Management

Risks

Strict regulations on countries (but thre is no one yet. Actually, in Europe there is a law to have these metrics).
Big player launching something similar.

Invention/Patent

Patent granted
US20100042706A1
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Does the enterprise work?
Idea
Current Status
Annual sales, $
Annual net income, $
Type of property
Property and assets
Organizational form
Number of employees
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Business model
Reason for sale
Market
Team or Management
Risks
Invention/Patent
Photos
Product Video
Presentation