MacroSolve Inc. is a young company that delivers mobile applications and solutions to businesses and government. Formed in 1997, MacroSolve has developed an array of products in a growing mobile application industry. Today, MacroSolve took a major step towards enhancing its future with the announcement that they have sold one of their feature products, digiTICKET.
Since its development in 2009, digiTICKET has become a state-of-the-art product in the law enforcement market. With superior technology in place, digiTICKET has helped MacroSolve control its share of the market. The electronic ticketing digiTICKET sold for $450,000 in an asset sale. MacroSolve received $400,000 on February 12 and will receive an additional $50,000 in cash over the next six months.
When asked about the sale of digiTICKET, MacroSolve CEO Clinton Parr was quoted as saying, “There’s been very strong demand for digiTICKET, which has resulted in an attractive asset sale for us. We’ve decided to sell the product in order to focus our company’s resources on the high growth mobile business app market where our apps are similarly gaining market traction. Current and future digiTICKET customers will continue to receive superior service through Saltus Technologies, LLC, the product’s new owner.”
One of the key aspects to his deal for MacroSolve will be their ability to develop and launch new business applications into the burgeoning $5 billion-plus market. This market is projected to grow by double digits to $11.6 billion by 2012.
Commenting on the flexibility this deal will mean to MacroSolve’s future, Parr went on to state, “Our core strength at MacroSolve remains developing and introducing mobility products that gain rapid market share. With the mobile app market for businesses projected to grow at double digits for the next five years, and reach $11.6 billion in sales by 2012, we are focusing all of our resources, including the income from this profitable sale, on becoming the leader in mobile business apps. Our business model generates high margin recurring revenues while delivering high value and ROI to our customers.”
Currently, MacroSolve is trading in the $0.03 price range. The company has shown major potential with the asset sale of digiTICKET and has a number of inventive products in their pipeline such as DineInsight, which was designed exclusively for the restaurant industry.
To learn more about this deal or the happenings at MacroSolve, visit their website at: www.macrosolve.com and you’ll see why investors are starting to notice this company.
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