FSNN has now added Broadvox which will add another
Post# of 5326
Posted On: 10/27/2013 8:52:48 AM
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FSNN has now added Broadvox which will add another $31M of revenue and through the acquisition reduce costs for delivery making the bottom line and profit even stronger and this closes before year end so the revenue will be added to the FSNN year end figures!!!
Matthew Rosen, Fusion's Chief Executive Officer, said, "This Agreement is an important step forward in Fusion's growth strategy and complements our own organic growth with the addition of 5,800 small, medium and large cloud communications business customers. The Acquired Business generated unaudited annual revenue of approximately $30.9 million in 2012, over 90% of which is monthly recurring revenue, and we expect that this acquisition will be accretive to Fusion's earnings from day one. The acquisition is expected to significantly add to Fusion's loyal customer base and bring a significant number of new partners to Fusion's existing distribution network, creating significant upsell opportunities. The acquisition is also expected to allow Fusion to tap an experienced team of professionals who share our own commitment to service excellence. With a robust national network connecting every major market and best of breed infrastructure, completion of this acquisition would expand our network reach and improve our ability to rapidly scale as we emerge as a leading provider in the cloud services marketplace."
Matthew Rosen, Fusion's Chief Executive Officer, said, "This Agreement is an important step forward in Fusion's growth strategy and complements our own organic growth with the addition of 5,800 small, medium and large cloud communications business customers. The Acquired Business generated unaudited annual revenue of approximately $30.9 million in 2012, over 90% of which is monthly recurring revenue, and we expect that this acquisition will be accretive to Fusion's earnings from day one. The acquisition is expected to significantly add to Fusion's loyal customer base and bring a significant number of new partners to Fusion's existing distribution network, creating significant upsell opportunities. The acquisition is also expected to allow Fusion to tap an experienced team of professionals who share our own commitment to service excellence. With a robust national network connecting every major market and best of breed infrastructure, completion of this acquisition would expand our network reach and improve our ability to rapidly scale as we emerge as a leading provider in the cloud services marketplace."
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