Bulgarian software developer for the maritime industry seeks commercial agents and investors

The company is currently located in Bulgaria and provides advanced software solutions to the maritime and shipping industry. The company was founded in 2017 by maritime experts in the field, most of which were sea going captains, officers, and corporate managers. It is currently working with several large industry players located in the United States, Germany, Singapore, and Greece. Suitable clients fall in all sectors of the industry including cruise, cargo, and ports. The company offers a suite of solutions for maritime environmental compliance. These include both web-based applications, as well as certified software for shipboard use. Over ninety thousand vessels travel the globe at all times. Each vessel must understand where and when to complete certain environmental operations (i.e. discharging waste water, burning certain types of fuels, etc.) as well us to understand their current restriction status at any given time. Using a global dataset of quantified regulatory data the technology included in the solution provides immediate insights to regulations currently affecting the vessel at any time as well as a prediction for changes in these regulations given the course and speed, or intended route of the vessel. The software gives automatic interpretation of the environmental regulations. A key component of the data is the maritime boundaries and limits which are consistently updated. It is essential to receive data input for vessel’s position, course, and speed as well as the route in use. Internet connection is only needed for remote monitoring the vessel and providing updates. The software has Type Approval Certification Mode I & II and Data base Approval certificate under an International Association of Classification Society (IACS) member. The company is looking for commercial agents and investors (whether through a full acquisition agreement or a partial equity stake financial agreement). For the commercial agency agreement, ideally the company is looking for sales representatives under commission, which are specialized in the maritime field. Commercial agents should have existing or emerging solutions on the market with a considerable client base. Acquisition agreements for a purchase of the company are also available. The preferred investor should be seeking less than a majority stake in the company, though no offer will be discarded. Under a financial agreement the company seeks funding for the purchase of shares.