Our strong entry into these markets also leverages

Our strong entry into these markets also leverages our experience and relationships to provide a competitive advantage and offers the opportunity to create sector specific partnerships with incumbent cloud service providers in each sector. Such larger sales to enterprise customers typically have lower churn rates and provide substantial opportunities for adding additional services to a core communications offering. Targeted, “bolt-on” acquisitions are also seen as part of our core strategy , expanding our customer base and providing new prospective customers for our growing portfolio of cloud services; potentially adding products and services to our own; and increasing the scale of our operations while leveraging our existing infrastructure and costs. Such acquisitions may be consummated at lower valuation multiples than would be accorded to Fusion, thus effectively lowering the cost of the acquisition.