Abstract
This case study details the potential acquisition of Amcom Software by two entrepreneurs. It is intended to be used as an in-class case study in an Entrepreneurial Finance course, after pro formas and valuation have been covered, to illustrate normalizing and projecting financial statements to arrive at an estimate of future firm value. Students are asked to use the financial information given to create their own financial projections for Amcom should the entrepreneurs make the acquisition. Students can then decide whether the company is worth purchasing for the $12 million asking price.