Epazz, Inc. (OTC: EPAZ) said the company has signed a letter of intent to acquire a compliance software company in the Central US.
This new acquisition is expected to provide substantial growth to Epazz´s revenue stream by bringing in USD500,000 in revenues in the first year. The unaudited revenues for 2013 were over USD500,000.
The target company was founded in 2000s and has a long history of positive cash flow and profitability.
Epazz said it has been increasing its global distribution channels and continues to search for suitable acquisitions and 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.
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. Its website is at www.epazz.com.