Veridic Solutions LLC
How we got $53.8M
Based on 264 employees on its 2024 401(k) filing.
What we know
Signs of a sale Unlikely to sell soon
- Investment from Housatonic Partners and Pracinco (2021)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Minority investment from Housatonic Partners and Pracinco · Sep 2021Veridic Solutions received investment from Housatonic Partners and Pracinco in September 2021, according to its Preqin asset profile.Source
Estimated value over time
▲ 11% since 2021Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▼ 6% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 282 | $65.8M |
| 2023 | Form 5500 | 197 | $46.0M |
| 2024 | Form 5500 | 264 | $61.6M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| VERIDIC SOLUTIONS LLC this business | $70.6M | — |
| COMPUTER TECHS LLC Durant · 1 employees | $466K | 0.1 mi |
| COMPUTER SERVICES OF DURANT, INC. Durant · 5 employees | $1.8M | 0.5 mi |
| 3D TECHNOLOGIES LLC Durant · 5 employees | $1.5M | 0.7 mi |
| CLOUD HYBRID TECHNOLOGIES LLC Durant · 11 employees | $4.4M | 0.7 mi |
| CLOUD BIG DATA TECHNOLOGIES LLC Durant · 27 employees | $11.1M | 0.7 mi |
| ARTIFICIAL INTELLIGENCE TECHNOLOGIES LLC Durant · 5 employees | $1.5M | 0.7 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $53.8M |
| Multiple for this size and industry | 6.5× |
| Value range | $34.5M – $96.9M |
| Employees in its retirement plan (2024 Form 5500) | 264 |
| Industry revenue per employee | $233K |
| Revenue = employees × revenue per employee | $70.6M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $8.3M |
| For comparison: employees reported for PPP (2021) | 282 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $56.4M – $105.8M |
| EBITDA range | $6.6M – $12.4M |
| Industry (NAICS) | Custom Computer Programming Services (541511) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingGreat Plains National BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Great Plains National Bank PPP 2021 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/23/2021 | second | $2.0M | 282 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Veridic Solutions LLC
Veridic Solutions LLC is an it & software company in Durant, Oklahoma. It is owned by Ramu Venigandla (CEO). Its estimated annual revenue is about $70.6M, with roughly $8.3M of EBITDA. It has about 264 employees. Its estimated business value is $53.8M (likely range $34.5M–$96.9M).
Common questions
- Who owns Veridic Solutions LLC?
- Veridic Solutions LLC is owned by Ramu Venigandla (CEO), according to public sources such as the company's website or filings.
- How much revenue does Veridic Solutions LLC make?
- SeeBITDA estimates Veridic Solutions LLC's annual revenue at about $70.6M (likely between $56.4M and $105.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Veridic Solutions LLC worth?
- About $53.8M, roughly 6.5× its estimated EBITDA of $8.3M, typical for a it & software company its size. Likely range: $34.5M–$96.9M.
- How many employees does Veridic Solutions LLC have?
- About 264, from its 2024 retirement-plan filing.