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Existing Digital Language Service Firm Seeking Investors For Expansion
Posted by: sally mechur on 4/28/2017 10:59:04 AM
Funding Needed:
$250k - $500k
Category:
Business Products & Services
Location :
USA
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Favorited : 0 times
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Description:
Business Description:
The Company is an IoT+Human service provider that serves local, regional and global markets by interconnecting products and services, using fit boards for diverse and multicultural individuals, companies by increasing social science relevancy, market effectiveness and brand awareness.

Vox Orbis facilitates the translation of context and content, through the understanding of the interconnection of things plus human (IoT+Human) and provide cultural transformation, forecasting, and innovation. Vox Orbis began providing translation services on November 1, 2010. At that time, the company could offer services in 5 languages for customers. Since 2011, the company offered innovative services through its mobile application to approximately 2200 users worldwide.

In January 15, 2014 the Company initiated its expansion to provide services in the social science fields, including data collection and analysis, and developing algorithms to help its customers understand attitudes and perceptions by developing a product and service fit board. In August 1, 2015 Vox Orbis trademarked Culture as a Service, CaaS, to represent what the Company wants to accomplish, which is customized social science, data science work for each client developing algorithms to design predictive models. The Company has also begun describing their services as IoT+Human, which is the "interaction of things plus human", a variation to the Internet of Things (IoT).

Unique Value Proposition:
The Company is seeking an investment of $300,000 for a 10% share in ownership. Based on past experience, the Company is projecting a conservative annual growth of 12% over the next 5 years.

Sales/Marketing:
The Company is part of the very active language service industry. This market has seen an average annual growth rate in the USA of about 13% for the last few years and this trend is projected to grow. The major factors that are supporting this growth are the expansion of the global economy and a diversity of populations in the US as well as in other global regions.

The Company has also entered into the data science and social science markets as these are areas that were far underserved. The company’s fit board system engages social, scientific and design research to strategically leverage culture wherever it may be critically undervalued in order to prevent unintended and expensive missteps.

Key Success Factors:
The Company currently provides translation services in more than 100 languages for a variety of industries around the world. Among the services and clients that are currently making use of the Company's system are: Judicial Process and Support for international cases based on The Hague Treaty, Thermoteknix a thermal technology company expanding into international markets, Trade Extensions a SaaS firm in Sweden, Citrix Online (now LogMeIn), Playrix, government service and much more. The full business plan provides greater detail on the range of current services and clients.

Key Risk Factors:
Over the last few years the Company management has identified several risks that will need to be considered as the Company grows. The following are a few of the key risks, which are more completely detailed in the full business plan.
• Freelance workers are normally paid on a net 30 basis, while most projects are paid by customers on an average net 60 basis. The expansion into CaaS gradually balances the latter with upfront payments
• Collaborating with other language service providers may have unusual and inconsistent expectations or lack the experienced personnel to complete projects in a timely manner
• Elections and other political turnovers can make activities unstable
• Few international standards in place
• Projects may involve multiple time zones and can be challenging to coordinate the client, the freelancer and the Company
• Software and algorithm development, data collection and analysis are ongoing service needs

Exit Strategy:
The Company would ideally like to seek out an investor who would be willing to provide a loan for the full $300,000 in exchange for a 10% share of the Company. Additional funding avenues can be discussed if needed. In any case, the Company is projecting to re-pay all investors by the end of the fifth year after funding has been provided.

Industry
NAICS 541930 - Translation Services
NAICS 541720 - Culture as a ServiceTM
NAICS 541511 and 518210 – Software-as-a-Service

Revenues
2017 Projection: $197,000
2018 Projection: $315,000
2019 Projection: $360,000
2020 Projection: $420,000

Financing Sought
$300,000 US$

Use of Proceeds
Funds will be utilized to complete software development and expand sales and marketing efforts.

Additional Documents Available
Business Plan, Executive Summary


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