Business Process Simulation Software
Inflectra is a bootstrapped software quality and test management company founded in 2006 by Adam Sandman, who serves as CEO and sole owner. The company sells a suite of three integrated products under the Spira brand to regulated industries including aerospace, defense, life sciences, manufacturing, and supply chain, offering both on-premises and cloud deployments.
As of October 2023, Inflectra generates approximately $1,000,000 per month in revenue, up from $830,000 per month a year earlier, putting the company on a roughly $12,000,000 annual run rate. The business is profitable at approximately 5% EBITDA margin, producing an estimated $500,000 in profit on roughly $13,000,000 in ARR. The company serves approximately 5,500 customers and has never taken outside capital.
Sandman has received informal acquisition interest implying valuations in the $60,000,000 to $80,000,000 range at 6x to 8x revenue multiples, but no firm offer has been accepted. He retains 100% equity and has indicated he would consider a deal only with a buyer offering strong cultural and strategic alignment.