Quarterly report pursuant to sections 13 or 15(d)

2. Acquisition

v2.4.0.8
2. Acquisition
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
2. Acquisition

2. Acquisition

On December 31, 2013, the Company, through its wholly-owned subsidiary Fusion BVX LLC (“FBVX”), completed the acquisition of substantially all of the cloud services assets used by BroadvoxGO!, LLC, and its affiliate Cypress Communications, LLC, in the operation of their cloud services business (the “Broadvox Transaction”). The purchase price in the Broadvox Transaction was $32.1 million in cash, plus a working capital adjustment paid to the sellers in accordance with the terms of the purchase agreement of approximately $0.2 million. Had the transaction taken place on January 1, 2013, the Company’s consolidated revenues and net loss for the three months ended March 31, 2013 would have approximately $24.0 million and $4.3 million, respectively.