Softco, the company valued in Exercise 11.1, is expected to have the following business at exit:

Softco provides business process integration software and services for corporations across a broad range of enterprise markets. Its main product is the Softco business process integration software platform together with packaged applications and content, where it expects to derive 75 percent of its revenue. In addition, the company expects to earn the remainder of its revenue from mainframe outsourcing and midrange systems management.

Use whatever resources you want to identify at least two comparable companies for Softco and to estimate a relative valuation.