As cloud technology evolves, many companies specializing in specific areas are merging together to provide comprehensive solutions for their customers. Fusion Telecommunications, a global provider of cloud communications, cloud computing and managed applications solutions, has agreed to purchase the retail business services assets and operations of Broadvox, which provides customized, integrated cloud-based voice and unified communications solutions to support SMB, enterprise, and carrier customers.
The agreement will integrate the platforms and networks used to deliver the Broadvox retail service, as well as key personnel with the Fusion NBS cloud communications division. Fusion purchased NBS in 2012, a company specializing in providing innovative approaches to cloud services efficiency, practicality and value. By merging and acquiring pioneering organizations and technology, Fusion is poised to take advantage of a global market forecast to grow to more than $240 billion at a CAGR of 30 percent by 2020.
"The Agreement with Broadvox is an important step forward in Fusion’s growth strategy as we emerge as a leading provider in the cloud services marketplace. We are looking forward to working closely with the Broadvox team and its vital network of distribution partners to introduce our advanced, yet proven portfolio of cloud solutions over time, offering an opportunity to better serve their valued customers," said Matthew Rosen, CEO Fusion Telecommunications.
The transaction will be completed before the end of the year, with Broadvox continuing with its services by leveraging the assets and technology from Fusion.
Broadvox provides cloud-based communications, SIP Trunking, SIP origination and termination services and broadband with one of the largest full-featured global IP-based networks in the world. More than 300 telecommunications carriers, ASPs (application service providers), ISPs (Internet service providers) and more than 10,000 businesses and 4,000 partners nationwide use the company's solutions.
"We are very excited about the benefits this agreement will bring to our customers in terms of product innovation and customer experience. Fusion’s professional management and customer-centric culture very much reflect our core values and we fully expect that this transition will be beneficial to our customers over the short and long term," said Andre Temnorod, Broadvox founder, president and CEO.