EPAZ ~ Epazz will integrate its newest acquisition, Strand Live Video software, into its Intellisys Software
CHICAGO, IL / ACCESSWIRE / February 12, 2015 / Epazz, Inc. (EPAZ), a leading provider of cloud-based business software solutions, announced today that it has reported 3 straight quarters of revenue growth in 2014. The third quarter revenue was $361,000, compared to first quarter revenue of $253,000, an increase of $108,000 (or 43%).
Strand has assisted in boosting revenue during the third quarter. Epazz believes that increasing levels of software development into acquisitions and cross-selling it to existing customers can greatly improve revenue for 2015. Epazz plans to integrate Strand Live Video software into its Intellisys subsidiary to allow water facilities to view live broadcast of their pumps to engineers.
"We have been experiencing substantial growth during 2014, and our newest acquisition, Strand, will provide new sources of revenue. We believe once Strand is fully integrated into Intellisys, we will have a new source of revenue from annually recurring access to the live video stream. The key to our acquisition strategy is not only maintaining and growing the target company revenue but also using our existing product portfolio to create new products," says Shaun Passley, PhD, CEO of Epazz, Inc.
