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CHICAGO, IL--(Marketwired - Apr 11, 2014) -Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions announced that the Company has signed a letter of intent to acquire a Medical Billing Software Company in the West U.S. This new acquisition is expected to provide substantial growth to Epazz's revenue stream by bringing in $600,000 in revenues in the first year. The unaudited revenues for 2013 were over $600,000. The target company was founded in the 2000s and has a long history of positive cash flow and profitability.
The software product is considered to be truly unique and there are few competitors presently in the market offering such an all-encompassing suite of software within their target market thereby 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.'s 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 emr software. With the synergies of our companies the 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.