Epazz Expects to Add 15% to Recurring Revenue Stream; Signs Purchase Agreement to Acquire Help Desk Software Company
(eTeligis.com Via Acquire Media NewsEdge) Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions announced that the Company has signed a purchase agreement to acquire a help desk software company in West. This new acquisition is expected to provide substantial growth toEpazz'srecurring revenue stream by 15%. Company will announce closure of the acquisition in the coming weeks.
The target company was founded in 2000s and has a long history of positive cash flow and strong list of Fortune 500 companies. 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 inEpazz, Inc.'s projected growth.
Epazzhas been increasing its global distribution channels and continues to search for suitable acquisitions.Epazz, Inc.'s CEO, ShaunPassley, 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 onEpazz'sBoxesOSportal software,DeskFlexroom scheduling software, Agent Power,nortelworkforce management softwareadd-on as well as acisco call center softwareadd-on.Intellisysenergy management software,AutoHireapplicant tracking system, K9 Bytes kennel software and MS Healthemrsoftware. 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.
EpazzInc. is a leading cloud based software company that specializes in providing customized cloud applications to the corporate world, higher education institutions and the public sector.EpazzBoxesOSv3.0 is the complete business web-based software package for small to mid-size businesses, Fortune 500 enterprises, government agencies, and higher education institutions.BoxesOSprovides many of the web-based applications organizations would have to otherwise buy separately.Epazz'sother products areAgentPower, aworkforce management softwareandAutoHire, anapplicant tracking system.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking statements such as "may," "expect," "intend," "estimate," "anticipate," "believe," or "continue" (or the negative thereof) or similar terminology. Such forward-looking statements are subject to risk, uncertainties and other factors that could cause actual results to differ materially from future results or implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance andthat actual resultsmay differ materially from those contemplated by such forward-looking statements.Epazzassumes no obligation and does not intend to update theseforward-looking statements and takes no obligation to update or correct information prepared bythird parties that isnot paid for byEpazz. Investors are encouraged to reviewEpazz'spublic filings on SEC.gov, including its unaudited and audited financial statements, and its Registration Statement, Form 10-K's and Form 10-Q's, which contain general business information about the Company's operations, results of operations and risks associated with the Company and its operations. Penny stock picks need to be research. Do your homework. Please review all of our filings.
For more information please contact:Investor Relationsinvestors@epazz.net(312) 955-8161www.epazz.com
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