Epazz, Inc. (OTC: EPAZ) said it has signed a letter of intent to acquire a medical billing software company.
This new acquisition is expected to provide substantial growth to Epazz´s revenue stream by bringing in USD600,000 in revenues in the first year. The unaudited revenues for 2013 were over USD600,000.
The target company was founded in the 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 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.