Syscom Inc

5.0★★★★★(1 review)

400 E Pratt St UNIT 600, Baltimore, MD 21202

Baltimore, Maryland, United States

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Business facts

Estimated annual revenue~$36.2M
Estimated employees~34
Annual payroll (2021)~$3.0M
In business since2009
Based on reported payroll data

Area statistics (21202)

Population20,115
Median household income$59,098
Source: US Census ACS

About

Syscom is a leading provider of enterprise-level business transformation solutions, specializing in workflow and business transformation, enterprise content management, and compliance solutions. With technical expertise in web application development, application integration middleware, and more, Syscom uses IBM's scalable integration infrastructure to serve clients in various industries, including financial services, health insurance, manufacturing, telecommunications, healthcare, and property and casualty insurance. Founded in 1982, Syscom is headquartered in Baltimore and has additional offices in Irvine, Calif., and Overland Park, Kan. Their mission is to create and deliver the right technology solutions by understanding their customers' business needs and empowering them to achieve their goals.

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Price
$
Wheelchair Accessible
Parking, Yes
Categories: Software Company.
ISIC Codes: 4741.

Market analysis

Earning above its category median in a growing category (Software Company).

EstimateCategory trend: 2021, +8.7%

Revenue trend (modeled)

~$28.5M2019
~$25.9M2020
~$29.4M2021
~$32.6M2022
~$34.4M2023
~$36.2M2024
Modeled from category averages for the region+4.9%/yr since 201980% confidence band: ±68%

Company profile

Incorporated2008 (DE)
Observed

Property

Lot size0.42 acres
ZoningC-5DC
CountyBaltimore_city
Assessed value$301.0
On this lotshared with 16 other businesses
ObservedPublic assessor / cadastre record

Federal support (SBA)

EIDL advance grant (2020)$10.0K · 10 jobs reported
PPP loan (2020)$653.6K · 34 jobs reported · implies ~$3.1M annual payroll · $658.2K forgiven
Second PPP loan (2021)$614.8K · 28 jobs reported · $620.8K forgiven
Receiving a second draw required certifying a ≥25% revenue drop in a 2020 quarter.
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Software Company in Maryland1,911~$12.6B~$6.6M~$1.3M5.0★29×
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure30 chains expanding in this category, led by Boost, Metro Pcs, Metro P (+605 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)2,589~$6.6B~$2.5M~$922.0K20,168~$2.1B39×
Wholesale and retail trade; repair of motor vehicles and motorcycles260~$575.1M~$2.2M1,205

1 km area (all businesses): median from the 2,021 of 2,589 businesses with estimates

Estimate

Area conditions (21202)

Population20,115 ±1,216
Median household income$59,098 ±$4,400
Median home value$268,400
Bachelor's degree or higher0.5%
Unemployment rate0.1%
Source: US Census ACS

Historical Information

Old business websites and emails that no longer exist, informational purposes only.

dale@syscominc.com
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