Fusion Telecommunications International (NASDAQ:FSNN) provides cloud solutions through the business services segment and voice traffic termination services (primarily VoIP in emerging markets) to >270 carriers through the carrier services segment. In 2009, FSNN sold its consumer services business to focus exclusively on these two segments.
Two strategic acquisitions catapulted FSNN into the cloud
The past two years were transformative due to the acquisitions of Network Billing Systems (NBS) and the Broadvox cloud services business, which enabled FSNN to accomplish the critical first part of its growth strategy that consists of M&A, organic growth and verticalization.
In October 2012, FSNN acquired NBS (a provider of cloud communications and connectivity services) for $19.6 million and only 4x EBITDA...
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