Cloud service provider Fusion pays $71.5 million for MegaPath-- acquiring cloud services including Unified Communications as a Service (UCaaS), cloud computing, security, SD-WAN and cloud connectivity.
MegaPath also brings around 8000 SMB and large enterprise customers, as well as 45 sales representatives. Fusion says the deal provides with a stable of cloud services professionals, together with a "robust" back office platform.
“This transaction is further evidence that Fusion is rapidly building a cloud services industry leader around our unique and compelling single-source strategy," Fusion says. "MegaPath is an ideal fit with our strategic objectives as it adds a diverse, high-value business customer base, a team of cloud services experts, and incremental financial scale, with a high percentage of MRR, high ARPU and low churn relative to industry averages. Given the similarities between our businesses, we expect the MegaPath acquisition to facilitate the customer, operational and financial integration of Birch, enabling us to drive Fusion’s strategy more efficiently across the entire organisation.”
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