magicJack VocalTec (CALL) Tops Q4 EPS by 8c
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magicJack VocalTec (CALL) to Acquire UCaaS Provider Broadsmart in ~$42M Deal
March 15, 2016 4:22 PM EDTmagicJack VocalTec Ltd. (Nasdaq: CALL), announced that it has entered into an agreement to acquire substantially all of the assets of North American Telecommunications Corporation d/b/a Broadsmart, a leading hosted UCaaS provider for medium-to-large multi-location enterprise customers. The purchase price for the acquisition is $40 million, consisting of $38 million in cash and $2 million in ordinary shares of magicJack. There is also a $2 million earn out tied to the achievement of 2016 revenues of $15.6 million. The acquisition is expected to close in the next 30 days.
Broadsmart has a track record of designing,... More
