Epazz will integrate its newest acquisition, Strand Live Video software, into its Intellisys Software
CHICAGO, IL / ACCESSWIRE / February 12, 2015 / Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud-based business software solutions, announced today that it has reported 3 straight quarters of revenue growth in 2014. The third quarter revenue was $361,000, compared to first quarter revenue of $253,000, an increase of $108,000 (or 43%).
Strand has assisted in boosting revenue during the third quarter. Epazz believes that increasing levels of software development into acquisitions and cross-selling it to existing customers can greatly improve revenue for 2015. Epazz plans to integrate Strand Live Video software into its Intellisys subsidiary to allow water facilities to view live broadcast of their pumps to engineers.
"We have been experiencing substantial growth during 2014, and our newest acquisition, Strand, will provide new sources of revenue. We believe once Strand is fully integrated into Intellisys, we will have a new source of revenue from annually recurring access to the live video stream. The key to our acquisition strategy is not only maintaining and growing the target company revenue but also using our existing product portfolio to create new products," says Shaun Passley, PhD, CEO of Epazz, Inc.
About Epazz, Inc.
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. Epazz BoxesOS(TM) v3.0 is the complete web-based business software package for small to midsized businesses, Fortune 500 enterprises, government agencies, and higher-education institutions. BoxesOS provides many of the web-based applications that organizations would have to otherwise buy separately. Epazz's other products are AgentPower(TM), a workforce management software; AutoHire(TM), an applicant tracking system; and Cynergy, help desk software.
Safe Harbor
The "safe harbor" statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of conditional expressions such as "may," "expect," "intend," "estimate," "anticipate," "believe," or "continue" (or the negative thereof), or similar terminology. Such forward-looking statements are subject to risk, uncertainty, and other factors that could cause actual results to differ materially from future results or results implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance, and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz does not intend to update these forward-looking statements and assumes no obligation to update or correct information prepared by third parties that are not paid for by Epazz.
Investors are encouraged to review Epazz's public filings on SEC.gov, including its unaudited and audited financial statements, and its Registration Statement, Form 10-Ks, and Form 10-Qs, which contain general business information about the company's operations, results of operations, and risks associated with the company and its operations. Penny stock picks need to be researched. Do your homework. Please review all of our filings.
For more information please contact:
Epazz Inc.
Investor Relations
investors@epazz.net
(312) 955-8161
www.epazz.com/investors.aspx
SOURCE: Epazz, Inc.