CHICAGO, IL--(Marketwired - Feb 6, 2014) -
Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud-based business software solutions, announced that the Company has agreed to acquire a small business software company. This new software acquisition is expected to provide substantial growth to Epazz's revenue stream by generating a 5% increase in recurring revenues in the first year.
The target company was founded in the 2000s and its revenues increased by 300% over the past few years. There are few competitors presently in the market offering such an all-encompassing suite of software within their target market, making this move quite strategic in Epazz, Inc.'s projected growth.
Epazz has been increasing its global distribution channels and continues to search for suitable acquisitions. Epazz, Inc. CEO Shaun Passley noted, "This acquisition will be immediately accretive to our revenue and profit stream. It will provide a solid customer base, and it opens up many opportunities to cross-sell customers on Epazz's BoxesOS portal software, DeskFlex
room scheduling software, Agent Power workforce management software, Intellisys energy management software, AutoHire applicant tracking system, K9 Bytes
kennel software, and MS Health social services software. With the synergies of our companies, customers can continue to look forward to innovative, effective, and efficient software tools geared to enhancing their business process." Epazz, Inc. is in negotiations to acquire several other B2B software companies. Epazz, Inc.'s action is a clear reflection of its long-term strategic growth plan to acquire profitable B2B software companies.
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