Epazz, Inc. (OTC Pink: EPAZ) (PINKSHEETS: EPAZ), a leading provider of cloud-based business software solutions, announced that the company is close to completing its first international acquisition in Europe. The company hired a European law firm to handle the acquisition. Epazz's first international acquisition is expected to provide substantial growth to the company's revenue stream in the first year.
The company expects that its 10-K will be filed late this week or early next week. The accountants are also working on the first 10-Q, which will be filed shortly after the 10-K to get the company current.
The target company was founded in the 2000s, and its revenues have increased by 300 percent over the past few years. There are few competitors presently in the market offering such an all-encompassing suite of software within the target market, making this move quite strategic in Epazz, Inc.'s projected growth.
"We believed it would be some time before we acquired our first international acquisition. However, this acquisition has helped us understand the process of acquiring a company overseas. It is critical for us to do it correctly as there are many other international acquisitions available. The key is to have a process that works."
During the past six years, Epazz has acquired DeskFlex room scheduling software, Professional Resource Management call center software, the Autohire application tracking system, Intellisys energy management software, K9 Bytes, kennel software, and MS Health social services software. The company has a track record of being able to complete acquisitions.
About Epazz, Inc. (www.epazz.com)
Epazz, Inc. 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. Epazz BoxesOS™ v3.0 is a complete business web-based software package for small to midsized businesses, Fortune 500 enterprises, government agencies, and higher education institutions. BoxesOS provides many of the web-based applications that organizations would otherwise have to buy separately. Epazz, Inc.'s other products include AgentPower, a workforce management software, and AutoHire, an applicant tracking system.
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SOURCE: Epazz, Inc.