Indico Corp is an established 28-year-old company focused on providing a law enforcement records management solution to streamline data input, analysis, and sharing for police departments. After securing $2,000,000 in funding and establishing an advisory board of law enforcement officials, Indico aims to capture a minimum of 2% of the $37 billion market within seven years. Currently, Indico has two clients, Dallas County Sheriff's Department and the Colorado Department of Revenue. These two clients represent 4,000 end users and generates $400,000 in annual revenue.
The on premise and SaaS platform, called Indico, will save officers time on administrative tasks by equipping departments with an intuitive system to eliminate paperwork and improve records access. Key features include user-friendly data entry forms, robust search tools, customizable reporting, and secure interagency data sharing capabilities.
By leveraging the domain expertise of its leadership team and advisory board, Indico Corp is positioned to address the current gaps in records management systems faced by law enforcement agencies today. These include lack of workflow automation, siloed information across systems, limited analytics, and difficult integrations between existing software tools.
The funding of $2 million will be used to maintain engineering, sales, and support staff, acquire additional infrastructure, and fund business development efforts to secure $360,000 in new annual contracts quickly. Indico Corp plans to become cash flow positive within 16 months by judiciously using capital to expand capabilities while aggressively targeting new customers.
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