Company Description: Trimega Software standardizes processes & workflows between Sales, Service, & Operations through best of class technology and user-friendly solutions.
Pain: The Service Industry is struggling with labor shortages and needs real-time “smart” solutions to drive greater outcomes, better client experiences, & superior team collaboration. Solutions have been rudimentary at best, or companies created their own years ago and need to modernize.
Solution: Trimega addresses the need for better information while reducing costs and driving efficiency. We amplify the data scope and functionality found in existing solutions, reducing the need to supplement with multiple software purchases.
Company Name: Trimega Software, LLC
City, State: Boca Raton, FL
Phone: 888-387-4634
Presenter: Erik Olson
Basic Details:
Founded In: 2020 # Of Employees: 2
Funding History and Deal Terms:
Total Raised to Date: $50,000
Total Seeking: $3,500,000
Committed Funds (If Any): $0
Valuation Expectations: $4,500,000
Type of Financing: SAFE – Pre-money
Use of funds:
Financials: (Currently)
Burn Rate: $2500/month currently, no salaries
Cumulative Revenue: $1700
Trailing 12-month revenue: $1700
Cash Flow Positive in: Year 2, pending Scaling
Market Size:
TAM: $127,000,000,000 , based on 232K+ leads
Estimated Reach: 2% By Year: 2025
3-Year Revenue Forecast:
Year 1 (2022): $6.4M
Year 2 (2023): $24.7M
Year 3 (2024): $54.3M
Team:
Erik Olson, Sr Executive Officer – 10+ years Alarm industry and 20+ years software, device, & system sales Vivint, SAP, & e-Builder.
David Lundgreen, Sr Executive Officer – 25+ years Enterprise Sales for Oracle, Deltek, e-Builder, & InEight.
3 Core Offerings: 1) BOS (Business Optimization Solution) – move beyond CRM. Developed for Service industry & D2D operations, sales, & technician needs. Real time, configurable & workflow-based. BOS ready for March 2022 release. 2) TPOS – lowest rates, lowest friction through AI, machine learning, & data optimization not available by competition 3) Bullseye App – under development. Sales, Install, Technician teams and corporate Delivery.
Service industry ripe for technology. Been largely ignored till now. Owners getting younger and appetite for Apps and Cloud solutions increasing. Need configurable solutions that work the way they do. Labor shortages necessitate doing more with less and driving efficiency.
Developing, marketing, selling, and implementing BOS (Business Optimization Solution), Bullseye App, and TPOS to organizations in the Service industry. TAM = >$1M AR & 3+ users. GM ~80% across offerings.
Our GTM is to Scale rapidly using a Direct strategy. BDR teams within specific verticals will create sales opportunities across 3 solutions; BOS, Bullseye App, & TPOS. Portal for online App purchases. Partnerships & marketing will fuel traction.
SecurityTrax, SecureNet, OneStop Portal, FillQuick, AlarmHive. Salesforce– no dominant players in the Service space. All lack innovation for industry needs.
Cornerstone Billing, Alarm Biller, Service Trade, Sedona Office & Salesforce - indirect competition focused on billing, not the other operational, sales, & service requirements.
New software UI to be completed in March 2022 for BOS release. Initial App layout design in process. Partnerships with AvantGuard, FreeUs, Becklar, MStar, & Visa.
Goal is to achieve $50M+ in annual revenue in initial scaling after 3 years. Bullseye $24M, TPOS $8M, $23M BOS Software. Our exit strategy is Acquisition by a private equity firm.