Epazz Signs Purchase Agreement to Acquire Audit Compliance Software Company; Expects to Add $500,000 to Revenue Stream
May 14, 2014 (eTeligis.com via COMTEX) -- CHICAGO, IL, United States, via eTeligis Inc., 05/14/2014 - - Epazz, Inc. (OTC Pink: EPAZ) (PINKSHEETS:EPAZ), a leading provider of cloud based business software solutions announced that the Company has signed a purchase agreement to acquire an Audit Compliance Software Company in the Midwest U.S. This new acquisition is expected to provide substantial growth to Epazz's revenue stream by bringing in $500,000 in revenues in the first year.The unaudited revenues for 2013 were over $500,000.
The target company was founded in 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, Ph.D., 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, DeskFlexroom scheduling software, Agent Power workforce management software, Intellisys energy management software, AutoHire applicant tracking system, K9 Byteskennel softwareand 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.
