Rolling-out QuickSoft in East Africa

Soft Center was established in 1995 by Désiré Nshimirimana, who still is the main shareholder and Director. Soft Center’s core business is developing and implementing business management software and systems integration. Soft Center employs some 30 people. The company website is http://www.soft-center-bdi.com.

The Eastern African economies are developing fast, especially the private sector. Growing businesses have growing needs for ICT-systems to facilitate their operations and to support the management. We see today that Eastern African companies lack proper ICT-systems very much, especially in the SME segment. This gives good business opportunities for competitive and innovative ICT solutions providers. Soft Center has proven to be one.

In its home country Burundi, Soft Center became market leader. Its in-house developed management software package Quick Soft has proven to be a very successful product in the SME market. Quick Soft is the first really integrated system for SMEs.

With the upcoming integration in the East-African Community (EAC), it will become easier for Soft Center to sell its products and services in the bigger, more developed markets in neighboring countries. For Soft Center this step is a necessary new episode in its history. The company’s potential is too big for Burundi alone. Soft Center has to upgrade its business to the sub-regional level (the EAC), using Quick Soft as killer application. To this end, a limited investment is necessary, leading to a tripled sales level and high return on investment.

In a three years investment project, Soft Center wishes to internationalize Quick Soft. Target countries are Kenya, Rwanda, Uganda, Tanzania and part of Congo DRC.

The investment financing sought for is USD 630,000. Soft Center wishes to elaborate with candidate investors the possibilities for financing by means of a loan, private equity or quasi-equity. This loan will enable Soft Center to do the planned investments and to achieve the forecasted sustainable growth. Soft Center is capable of meeting interest and repayment schedules based on sustainable revenues and high returns. For private equity investors the perspectives for an exit are clear and realistic.