“Kicking Off Summer” Vista Partners FREE Weekly Market Update 5-26-18

Vista Partners has published “Kicking Off Summer” Vista Partners FREE Weekly Market Update 5-26-18 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies & Now “Investor Picks”, where we have begun to selectively add those companies/ideas that we are receiving from investors around the world.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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“Little Russell Rules The Week” Vista Partners Weekly Market Update 5-19-18

Vista Partners has published “Little Russell Rules The Week” Vista Partners Weekly Market Update 5-19-18 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies & Now “Investor Picks”, where we have begun to selectively add those companies/ideas that we are receiving from investors around the world.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

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“On The Rebound?” Vista Partners Weekly Market Update 5-12-18

Vista Partners has published “On The Rebound?” Vista Partners Weekly Market Update 5-12-18 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies & Now “Investor Picks”, where we have begun to selectively add those companies/ideas that we are receiving from investors around the world.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

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Cloud Service Provider Fusion Strikes Again Lands $71.5M California Based Acquisition

New York City based Fusion (FSNN), a leading provider of cloud services, has signed a definitive agreement to acquire privately-held Pleasanton, California based MegaPath Holding Corporation (“MegaPath”). MegaPath is reported to provide a robust, fully-integrated suite of cloud services including Unified Communications as a Service (UCaaS), cloud computing, security, SD-WAN and cloud connectivity. The transaction is valued at under 5.0x pro forma Adjusted EBITDA including anticipated cost synergies realized within 12 months of closing.

Total consideration in the MegaPath transaction is $71.5M with up to $10M of the consideration is payable at Fusion’s election in unregistered shares of Fusion common stock priced at $5.78/share. Fusion intends to fund the cash portion of the consideration via borrowings under its First Lien Senior Secured Credit Facility, $62.0 million of which is currently held in escrow for this acquisition. The transaction is expected to close within the next 90 days, subject to receipt of certain regulatory approvals and other customary closing conditions. Bank Street Group served as the exclusive financial advisor to MegaPath in connection with this transaction.

Fusion reported that this MegaPath acqusition provides the following advantages:

  • Contributes additional financial scale with approximately $70 million in annual revenue, 95% of which consists of contracted monthly recurring revenue (MRR), and adjusted EBITDA of approximately $15 million including anticipated cost synergies
  • Adds more than 8,000 small and medium business and large enterprise customers, with an average monthly revenue per customer (ARPU) of $750 and 1.0% monthly churn
  • Provides a robust, customizable and highly scalable back office/OSS platform that is expected to be utilized across the full company to support enterprise customer needs and increase efficiency
  • Adds approximately 45 quota-bearing sales representatives across direct and indirect sales channels as well as a number of distribution partners, driving upselling and cross-selling opportunities and deepening Fusion’s strong relationships throughout the Channel Partner sales channel
  • Brings a highly capable staff of experienced cloud services professionals with expertise to facilitate more rapid integration of the businesses and execution of Fusion’s strategy

Matthew Rosen, Fusion’s Chairman and CEO, stated, “This transaction is further evidence that Fusion is rapidly building a cloud services industry leader around our unique and compelling single-source strategy. MegaPath is an ideal fit with our strategic objectives as it adds a diverse, high-value business customer base, a team of cloud services experts, and incremental financial scale, with a high percentage of MRR, high ARPU and low churn relative to industry averages. Given the similarities between our businesses, we expect the MegaPath acquisition to facilitate the customer, operational and financial integration of Birch, enabling us to drive Fusion’s strategy more efficiently across the entire organization.”

Craig Young, MegaPath’s CEO stated, “The Cloud Services market is recognizing the superior value of integrated solutions from a single-source provider. Fusion’s differentiated strategy, its high-quality integrated product suite and its scalable platform are therefore a natural fit with MegaPath’s business and culture. Our participation in the equity of Fusion through this transaction underscores our confidence that the combination of the two companies will create significant value for shareholders. Furthermore, our customers will continue to benefit from the same high levels of service quality, customer care and innovation from Fusion that they’ve come to expect from MegaPath.”

To learn more about Fusion (Nasdaq: FSNN) and to track its progress please visit the Vista Partners Fusion (FSNN) Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
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Fusion Announces Definitive Agreement to Acquire MegaPath

Fusion (FSNN), a leading provider of cloud services, announced today that it has signed a definitive agreement to acquire privately-held MegaPath Holding Corporation (“MegaPath”). Based in Pleasanton, California, MegaPath provides a robust, fully-integrated suite of cloud services including Unified..

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Fusion Closes Transformational Acquisition – Moves To Nasdaq Global Market

Fusion (NasdaqGM: FSNN), a leading provider of cloud services, announced Monday that on May 4, 2018, it closed its previously-announced acquisition of the Cloud and Business Services business of Birch Communications Holdings, Inc. (“Birch”). The acquisition was completed through a merger of a wholly-owned subsidiary of Fusion with and into Birch. The total enterprise value of this transaction was a ~$600 million, consisting of approximately 50 million shares of Fusion common stock and the refinancing of $444 million of Birch indebtedness.  Fusion also notified shareholders that its shares of common stock were approved for listing on The Nasdaq Global Market, effective with the open of the market on May 7, 2018. Fusion’s common stock continues to trade under its existing trading symbol “FSNN.” The structure of the transaction triggered a new listing application requirement according to Nasdaq’s rules, which includes a minimum bid price of $4.00 per share. In connection with the new listing, Fusion announced that it has effected a 1-for-1.50 reverse split of its common stock for stockholders of record as of the open of business on May 4, 2018.  Fusion further announced that on May 4, 2018, it completed the planned divestiture of all of its interests in its Carrier Services business.  As a result, Fusion’s sole focus is on the Cloud and Business Services market.

 

 

 

 

 

Fusion offered the following highlights regarding this acquisition:

  • Creates an industry-leading cloud and business services company with more than $500 million in pro forma annual revenue
  • Excludes Birch’s legacy consumer and single-line business customers, which have lower profitability and average revenue per customer (ARPU) as well as higher churn rates
  • Empowers Fusion to expand and accelerate its highly differentiated single-source strategy across a much larger platform and customer base consisting of more than 150,000 businesses
  • Adds considerable sales and distribution resources, for a total of approximately 75 direct, indirect and inside sales professionals and more than 800 active distribution partners
  • Capitalizes on Fusion’s robust intellectual property, go-to-market strategy, and brand awareness developed over the last several years as the Single Source for the Cloud
  • Combines both companies’ network infrastructure assets into one of the largest North American, 100% IP-based networks that is low cost and highly scalable, with approximately 31,000 route miles of fiber
  • Brings to Fusion a talented employee base of technology professionals, bound by a common vision for the future, a culture of innovation and a commitment to service excellence
  • The Birch acquisition was financed through borrowings under Fusion’s new $680 million Senior Secured Credit Facilities (the “Facilities”), which closed on May 4, 2018. The Facilities include $640 million in term loans and a $40 million revolving credit facility, which is currently undrawn. Including the revolving credit facility, the Facilities bear interest at a weighted-average rate of LIBOR plus 7.56%. Excluding the revolving credit facility, the Facilities bear interest at a weighted-average rate of 7.72%.

 

Matthew Rosen, Fusion’s Chairman and CEO, stated, “Today marks the beginning of an exciting new era for Fusion, as we now move forward to realize the tremendous potential of the combined company. In bringing the two businesses together, we have created a market-leading Cloud Services company that is positioned for further growth, both organically and through additional strategic acquisitions. We are confident that Fusion can create significant, long-term value for shareholders by extending our proven strategy as the single source for the cloud across our greatly expanded platform and customer base and leveraging our substantially greater scale and resources. Our new financing likewise represents another major step toward Fusion’s goal of becoming the industry’s leading single-source cloud services provider. We appreciate the support we received from Goldman Sachs, Morgan Stanley and MUFG as joint lead arrangers, as well as previous lenders to Fusion and Birch who participated in this financing along with a number of new lenders.”

To learn more about Fusion (Nasdaq: FSNN) and to track its progress please visit the Vista Partners Fusion (FSNN) Coverage Page.

 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
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Vista Partners Publishes April’s FREE Macroeconomic & Investment Monthly Newsletter, “U.S. Economy Remains Strong, Anticipating Steady Growth With Rate Twist”

Vista Partners (“Vista”) has published April’s FREE Macroeconomic & Investment Monthly Newsletter, “U.S. Economy Remains Strong, Anticipating Steady Growth With Rate Twist.”

Vista’s monthly newsletter contains investment considerations for Banks, Biotech, Cloud Services, Energy, Fintech, Healthcare, Manufacturing, Materials, Real Estate, SaaS, and Technology.

Vista Partners centers its Coverage on the Dow 30 Components, Select Emerging Growth Companies & Vista’s Featured Companies, with exclusive, broad-based commentary from Managing Director, John F. Heerdink, Jr.

In April’s edition of the Macroeconomic & Investment Newsletter, Mr. Heerdink states, “Signs of inflation, including rising commodity prices including oil, coupled with ….” Read full newsletter.

Companies Featured in March’s Newsletter:

Companies Featured in April’s Newsletter: Atossa Genetics, Inc.(NASDAQ: ATOS) | Caterpillar (CAT) | Coca-Cola (KO) | Disney (DIS) | Fusion, Inc. (NASDAQ: FSNN) | Intel (INTC) | & | Microsoft (MSFT).

Vista Partners publishes 100% of its content free. Vista Partners offers a wealth of mixed-media resources on the Dow 30 & Select Emerging Growth Companies. To receive FREE email updates from Vista’s select & extensive coverage universe, please sign up at VistaPGlobal.com/signup.

About Vista Partners LLC:

Founded in 2005, Vista Partners LLC (“Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, and Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

We encourage readers to view a complete list of disclaimers and disclosures on the Vista Partners website at VistaPGlobal.com/disclaimer.

Please follow Vista Partners on Twitter @VistaPResearch to receive updates, thoughts, and ideas on Dow 30 Components, Select Emerging Growth Companies & Vista’s Featured Companies.

Contact:

inquiries@VistaPGlobal.com




“Where’s That Bunny Headed?”

Vista Partners has published “Where’s That Bunny Headed?” Vista Partners Weekly Market Update 3-31-18 and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.




Vista Partners Publishes March 2018 Macroeconomic & Investment Newsletter

Vista Partners (“Vista”) has published March’s FREE Macroeconomic & Investment Monthly Newsletter, “Strong Economic Growth Predicted Despite Volatile Stock Market.

Vista’s monthly newsletter contains investment considerations for Banks, Biotech, Cloud Services, Energy, Fintech, Healthcare, Manufacturing, Materials, Real Estate, SaaS, and Technology.

Vista Partners centers its Coverage on the Dow 30 Components, Select Emerging Growth Companies & Vista’s Featured Companies, with exclusive, broad-based commentary from Managing Director, John F. Heerdink, Jr.

In March’s edition of the Macroeconomic & Investment Newsletter, Mr. Heerdink states, “The bottom line is that the economy is in good shape. What’s not to like? Well, more immediate concerns….” Read full newsletter.

Companies Featured in March’s Newsletter:

Apple (AAPL), Atossa Genetics, Inc. (NASDAQ: ATOS) | Boeing (BA) | Cisco (CSCO) | Disney (DIS) | Facebook (FB) | Fusion, Inc. (NASDAQ: FSNN) | Intel (INTC) | & | Nokia (NOK).

Vista Partners publishes 100% of its content free. Vista Partners offers a wealth of mixed-media resources on the Dow 30 & Select Emerging Growth Companies. To receive FREE email updates from Vista’s select & extensive coverage universe, please sign up at VistaPGlobal.com/signup.

About Vista Partners LLC:

Founded in 2005, Vista Partners LLC (“Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, and Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

We encourage readers to view a complete list of disclaimers and disclosures on the Vista Partners website at VistaPGlobal.com/disclaimer.

Please follow Vista Partners on Twitter @VistaPResearch to receive updates, thoughts, and ideas on Dow 30 Components, Select Emerging Growth Companies & Vista’s Featured Companies.

Contact:

inquiries@VistaPGlobal.com




Have You read “Let’s Dance?” Vista Partners Weekly Market Update 3-24-18

Vista Partners has published “Let’s Dance?” Vista Partners Weekly Market Update 3-24-18   and is accessible on our Newsletters Page. Each issue is written by Managing Director, John Heerdink and speaks to the activities of the market, influencers and specific featured stories from Vista’s Coverage Universe that spans the Dow 30, International and Select Emerging Growth Companies.

Each weekly update issue is sent out via email directly to the thousands of investors around the world that have elected to be updated each week. Please “Join us” Today!

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“Fusion Delivered Outstanding Results Over The Course of 2017” – Matthew Rosen CEO

Fusion (FSNN), is a leading provider of integrated cloud solutions to small, medium and large businesses. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud communications, contact center, cloud connectivity, and cloud computing. Fusion’s innovative, yet proven cloud solutions lower their customers’ cost of ownership, and deliver new levels of security, flexibility, scalability, and speed of deployment. In January 2018, Fusion acquired the intellectual property and substantially all of the other assets of IQMax, a pioneer in developing secure messaging, enterprise data integration and advanced cloud communications solutions
In February 2018, Fusion completed a public offering of 12,937,500 shares of its common stock at a price of $3.20 per share, for gross proceeds of $41.4 million and for net proceeds of $38.7 million (after underwriting discounts and commissions, but before estimated offering expenses payable by Fusion)

Today, Fusion announced financial results for its fourth quarter and full year ended December 31, 2017. Consolidated revenue grew 36% to $40.3 million, compared to $29.6 million in Q4 2016 while Business Services segment revenue grew 19% to $29.6 million, compared to $24.8 million in Q4 2016. Consolidated Full Year revenue grew 21% to $150.5 million, compared to $124.7 million in 2016, driven by a 32% increase in Business Services segment revenue to $117.3 million.

Matthew Rosen, Fusion’s Chief Executive Officer stated “Fusion delivered outstanding results over the course of 2017,” said Matthew Rosen, Fusion’s Chief Executive Officer. “Excluding the contribution from Apptix, the company achieved year-over-year revenue growth in Business Services for all four quarters, confirming that our strategy is working and demonstrating the strength of our value proposition in the marketplace. This performance was highlighted by Fusion’s strong growth and solid operational metrics in Business Services in the fourth quarter. We also saw sustained positive momentum in organic bookings and in the contract value of our backlog, which bodes well for the future as we convert these customer wins to revenue.

We have also made significant progress toward closing the Birch acquisition. Over the past several months, teams from both sides have been working closely together to develop detailed integration plans so that we will hit the ground running on Day One after the close. We also received overwhelming support for the transaction at our shareholder meeting in February. While the regulatory process has taken longer than expected, only one more state application requires approval for us to be in a position to close the transaction, and we expect to obtain this by the end of the first week of April.

Meanwhile, the debt syndication process remains extremely active, and we are as confident as ever in closing the financing. The lengthy regulatory approval process has given us a greater opportunity to work on achieving the best possible terms for Fusion, in light of both present and future opportunities to create shareholder value through acquisitions. We continue to feel very good about the deal today and believe we have a clear path to closing the financing in the near term.”

Michael Bauer, Fusion’s Chief Financial Officer stated, “Fusion’s strong year-over-year Adjusted EBITDA growth in the fourth quarter and for full year demonstrates our ability to successfully identify and integrate acquisitions. In 2017, Fusion achieved all of the cost synergies related to Apptix. With the additional liquidity from our recent equity offering, we believe that Fusion is well positioned for sustained future growth to create long-term value, leveraging the unique and compelling single source platform we have built over the past six years.”

To learn more about Fusion (Nasdaq: FSNN) and to track its progress please visit the Vista Partners Fusion (FSNN) Coverage Page.

 

Fusion Reports Fourth Quarter and Full Year 2017 Financial Results

NEW YORK, March 22, 2018– Fusion, a leading cloud services provider, today announced financial results for its fourth quarter and full year ended December 31, 2017.. Consolidated revenue grew 36% to $40.3 …..

finance.yahoo.com

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