Cermco produces and sells specialty customer relationship management (CRM) solutions to small and medium size businesses in the United States and Canada. The company is more than 20 years old and has a
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Description
Cermco produces and sells specialty customer relationship management (CRM) solutions to small and medium-size businesses in the United States and Canada. The company is more than 20 years old and has a steady, loyal customer base.
A major reason for Cermco's success lies in the ability of its product to easily integrate with various accounting and ERP systems. As a result, even when clients upgrade their entire accounting systems to expensive ERP solutions, they continue to use Cermco's CRM because of its superior features.
Annual revenues for Cermco's three most recent years are about 11 million (20X3), 7 million (20X4), and 3 million (20X5), respectively. Overall interest expenses and operating margins have remained a relatively constant percentage of revenues.
Cermco...
