Fusion believes that the telecommunications market

Fusion believes that the telecommunications market is at an inflection point as customers ranging from small to enterprise sized switch from premise based equipment to cloud based services. Through this Unified Communications approach, network management and security; voice and telephony; messaging and presence; conferencing; and applications are delivered through a single facility and managed through the cloud. The transformation offers cloud based telephony companies the ability to gain share rapidly as customers choose new vendors in the sector and offer to increase the average revenue per user (ARPU) by offering an expanding number of communications, communications and security “Apps” and to generate higher overall margins. According to a recent research report, cloud-based telephony services are growing at 36% per year and represent a $3.2 billion market. Cloud based information services for one of Fusion’s target markets, healthcare, is projected by BCC to grow to $17.5 billion by 2016 with 50% of that growth coming from cloud computing.