Fusion (FSNN) & Birch Combination is expected to Create One of the Largest Cloud Services Providers in North America

Fusion (FSNN), a leading cloud services provider, announced  this week that it has entered into a definitive agreement to acquire the Cloud and Business Services customers, operations and infrastructure of privately-held Birch Communications, which represents the majority of Birch’s current revenues. The transaction is expected to close by the end of 2017, subject to customary approvals and closing conditions.

The combination is expected to create one of the largest cloud services providers in North America, with more than 150,000 business customers and a 100% Internet Protocol-based network, including 30 data centers, 31,000 fiber route-miles of network, and metro fiber assets in 11 major markets. The combined customer base is expected to demonstrate strong fundamentals, with monthly recurring revenue comprising approximately 87% of total revenue. In addition, the combined company will have significant opportunities for growth by cross-selling and upselling to existing customers with a comprehensive suite of cloud and business services.

The acquisition will not include 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.

Fusion Announces Definitive Agreement to Acquire Birch Communications’ Cloud and Business Services Business

Fusion Fusion to acquire Birch’s Cloud and Business Services business, including its customers, operations and infrastructureCombined company is expected to have total pro forma annual revenue of approximately …..

finance.yahoo.com

Read Full Article



Let’s Catch Up! Read Vista Partners Weekly Market Update for Week Ending August 18, 2017

Vista Partners new Weekly Market Update for Week Ending August 18, 2017 includes a quick overview & results of the markets for the week written by Managing Director John F. Heerdink, Jr. and news, trending videos from Vista Partners Coverage Universe that includes all components of the Dow 30 and a Select Group of Emerging Growth Companies and beyond. The Weekly Market Update is targeted to be published on the Vista Partners website and emailed out to all registered by every Saturday. Please take a few seconds to register to receive this free publication directly to your email weekly and to be to download the current newsletter in pdf form now at the “newsletters” section of the Vista partners website www.vistapglobal.com.

Vista Partners also hosts dedicated pages for the Coverage Universe that can assist in gaining greater understanding with the goal of becoming a better investor and is updated regularly.

We hope you enjoy and thank you for your continued attention.

Based in San Francisco, CA Vista Partners LLC (“Vista”) was founded in 2005 and is a Registered Investment Advisor in the State of California. Vista seeks to invest partner capital with a global perspective across all sectors, provide advice to issuers regarding fundamental development, corporate governance, and capital market directives, while providing a platform for all to discover timely and relevant insights and information to foster further evaluation & understanding with a goal of becoming a better investor.

Issuers may contact Vista Partners at inquiries@vistapglobal.com to request a conference call with Managing Director, John F. Heerdink, Jr., so that he may consider conducting the necessary review and due diligence that could lead to their company’s inclusion in the Vista Partners’ Coverage Universe.




It’s Time to Read Vista Partners Weekly Market Update for Week Ending August 4, 2017

Yes. It’s time to get caught up this week and Vista Partners aims to assist as we have published our Weekly Market Update for Week Ending August 4, 2017 includes a quick overview & results of the markets for the week written by Managing Director John F. Heerdink, Jr. and news, trending videos from Vista Partners Coverage Universe that includes all components of the Dow 30 and a Select Group of Emerging Growth Companies and beyond. The Weekly Market Update is targeted to be published on the Vista Partners website and emailed out to all registered members every Saturday. Please take a few seconds to register to receive this free publication directly to your email weekly and to be to download the current newsletter in pdf form now at the “newsletters” section of the Vista partners website www.vistapglobal.com. It’s FREE and EASY!

Vista Partners also hosts dedicated company pages for the Coverage Universe that can assist in gaining greater understanding with the goal of becoming a better investor and is updated regularly. The Coverage Universe includes all companies in the Dow 30 and a Select Group of Emerging Growth Companies that we think you will find interesting.

We hope you enjoy and thank you for your continued attention.

Based in San Francisco, CA Vista Partners LLC (“Vista”) was founded in 2005 and is a Registered Investment Advisor in the State of California. Vista seeks to invest partner capital with a global perspective across all sectors, provide advice to issuers regarding fundamental development, corporate governance, and capital market directives, while providing a platform for all to discover timely and relevant insights and information to foster further evaluation & understanding with a goal of becoming a better investor.

Issuers may contact Vista Partners at inquiries@vistapglobal.com  to request a conference call with Managing Director, John F. Heerdink, Jr., so that he may consider conducting the necessary review and due diligence that could lead to their company’s inclusion in the Vista Partners’ Coverage Universe. We look forward to hearing from you!




Cloud Services Provider Fusion (NasdaqCM: FSNN) States “Strong Momentum From 2016 Has Accelerated in Q1 2017”

Fusion (NasdaqCM: FSNN), a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Matthew Rosen, Fusion’s Chief Executive Officer stated recently “The strong momentum from 2016 has accelerated into the first quarter of 2017, as demonstrated by our solid growth in both revenue and Adjusted EBITDA. Our first quarter results validate our sales and marketing initiatives and our investments in our service delivery platform that are now generating improved operating and financial performance. We also saw continued traction in delivering organic growth in our Business Services segment, as our key service metrics of ARPU and churn once again reflect the success of our strategy to sell multiple cloud services to our growing customer base. Our sales and M&A pipelines remain robust and position Fusion to achieve our intermediate financial goals of $200 million in annual revenue and $30 million in annual Adjusted EBITDA. In addition, we expect to continue de-levering our balance sheet by making scheduled principal payments on our indebtedness, expanding our Adjusted EBITDA with continued revenue growth, and executing on targeted acquisitions at attractive valuations. For all these reasons, we believe Fusion is poised to create substantial value for shareholders.”

Michael Bauer, Fusion’s Chief Financial Officer, stated, “During the first quarter, we converted a significant number of outstanding B-2 Preferred Stock into common stock, thereby reducing future dividend obligations. This brings the total amount of B­-2 Preferred Stock that we have eliminated to approximately 60% of the original $23 million issued. We intend to take meaningful steps to simplify our capital structure and improve our financial flexibility in the coming quarters. We are also making excellent progress on the integration of Apptix which should result in greater operating efficiencies, and we remain on track to realize the full run-rate of our expected cost synergies by the second half of 2017.”

Fusion’ s First Quarter 2017 Financial Results were reported and summarzied as follows:

Consolidated revenue grew 6% in Q1 2017 to $35.8 million, compared to $33.8 million in Q1 2016, due to an increase in the Company’s Business Services segment revenue. Business Services revenue grew 32% in Q1 2017 to $28.5 million, compared to $21.6 million in Q1 2016, primarily due to the acquisition of Apptix. Carrier Services revenue in Q1 2017 was $7.3 million, compared to $12.2 million in Q1 2016, primarily due to a decline in the total minutes of traffic carried on Fusion’s network.

Consolidated gross margin in Q1 2017 was 46.2%, an increase of approximately 700 basis points compared to 39.2% in Q1 2016, primarily due to a greater proportion of Business Services revenue in consolidated revenue. Business Services gross margin was 57.4%, compared to 59.0% in Q1 2016. Carrier Services gross margin was 2.7%, compared to 4.4% in Q1 2016.

Net loss attributable to common shareholders in Q1 2017 was $4.7 million, or $(0.23) per share on a basic and diluted basis, compared to net loss in Q1 2016 of $4.1 million, or $(0.30) per share on a basic and diluted basis.

Adjusted EBITDA grew 18% in Q1 2017 to $3.3 million, compared to $2.8 million in Q1 2016. Adjusted EBITDA grew 49% compared to $2.2 million in Q4 2016, due primarily to the successful integration of Apptix and synergies achieved from the acquisition which closed in November 2016.

Cash at March 31, 2017 totaled $6.6 million, compared to $7.2 million at December 31, 2016. During Q1 2017, the Company made approximately $813,000 in principal payments, reducing its outstanding term loan balance.

On March 31, 2017, the Company converted 2,958 shares of its Series B-2 Preferred Stock into 986,665 shares of common stock.

Further details about the Company’s financial results are available in its quarterly report on Form 10-Q, which is available in the investor relations section of the Company’s website at ir.fusionconnect.com.

To learn more about Fusion (NasdaqCM: FSNN) and stay abreast of its future developments please visit its Coverage Page at Vista Partners.




Vista Partners Published Its Weekly Market Update for Week Ending May 19, 2017

Vista Partners new Weekly Market Update for Week Ending May 12, 2017 has just been published. The Weekly Update includes a quick overview & results of the markets for the week written by Managing Director John F. Heerdink, Jr. and news & trending videos Vista Partners Coverage Universe that includes all components of the Dow30 and A Select Group of Emerging Growth Companies and beyond. The Weekly Market Update is targeted to be published on the Vista Partners website and emailed out to all registered by 8 am pacific every Saturday. Please take a few seconds to register to receive this free publication directly to your email weekly and to be to download the current newsletter in pdf form now at the “newsletters” section of the Vista partners website www.vistapglobal.com.

Vista Partners also hosts dedicated pages for the Coverage Universe that can assist in gaining greater understanding with the goal of becoming a better investor and is updated regularly.

We hope you enjoy and thank you for your continued attention.

Based in San Francisco, CA Vista Partners LLC (“Vista”) was founded in 2005 and is a Registered Investment Advisor in the State of California. Vista seeks to invest partner capital with a global perspective across all sectors, provide advice to issuers regarding fundamental development, corporate governance, and capital market directives, while providing a platform for all to discover timely and relevant insights and information to foster further evaluation & understanding with a goal of becoming a better investor.

Issuers may contact Vista Partners at inquiries@vistapglobal.com  to request a conference call with Managing Director, John F. Heerdink, Jr., so that he may consider conducting the necessary review and due diligence that could lead to their company’s inclusion in the Vista Partners’ Coverage Universe.




Have you Read Vista Partners Weekly Market Update for Week Ending May 12, 2017?

Vista Partners new Weekly Market Update for Week Ending May 12, 2017 has just been published. The Weekly Update includes a quick overview & results of the markets for the week written by Managing Director John F. Heerdink, Jr. and news & trending videos Vista Partners Coverage Universe that includes all components of the Dow30 and A Select Group of Emerging Growth Companies and beyond. The Weekly Market Update is targeted to be published on the Vista Partners website and emailed out to all registered by 8am pacific every Saturday. Please take a few seconds to register to receive this free publication directly to your email.

Vista Partners website www.vistapglobal.com also hosts dedicated pages for the Coverage Universe that can assist in gaining greater understanding  with the goal of becoming a better investor and is updated regularly.

We hope you enjoy and thank you for your continued attention.

Based in San Francisco, CA Vista Partners LLC (“Vista”) was founded in 2005 and is a Registered Investment Advisor in the State of California. Vista seeks to invest partner capital with a global perspective across all sectors, provide advice to issuers regarding fundamental development, corporate governance and capital market directives, while providing a platform for all to discover timely and relevant insights and information to foster further evaluation & understanding with a goal of becoming a better investor.




Cloud Services Provider Fusion (NasdaqCM: FSNN) Sets Q1 Financial Results Conference Call May 10th

Fusion (NasdaqCM: FSNN), a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. 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 our customers’ cost of ownership, and deliver new levels of security, flexibility, scalability, and speed of deployment. For more information, please visit www.fusionconnect.com.

Fusion announced it will report its financial results for the first quarter ended March 31, 2017 after the market close on Wednesday, May 10, 2017. Following the announcement, Fusion CEO Matthew Rosen and CFO Michael Bauer will host a conference call to discuss the financial results on the same day at 4:30 p.m. ET. You can dial  (844) 883-3892 (domestic)  or (412) 317-9248 (international)




Cloud Services Provider Fusion (FSNN) Earnings Call

Fusion (FSNN), a leading provider of cloud services, will hold a conference call on Monday, March 20, 2017 at 10:30 a.m.  time to discuss its financial results for the fourth quarter and full year ended December 31, 2016. A press release detailing these results will be issued prior to the call.

Fusion CEO Matthew Rosen and CFO Michael Bauer will host the conference call, followed by a question and answer period.

To access the call, please use the following information:

Date: Monday, March 20, 2017
Time: 10:30 a.m. ET / 7:30 a.m. PT
Live / Archived Audio Webcast: ir.fusionconnect.com under “Events”
Live Dial-in: (844) 883-3892 (toll free) / (412) 317-9248 (international)

Interested parties should dial into the call 10 minutes prior to the start time and ask to be placed into the Fusion call. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MZ Group at (949) 491-8235.

Learn more about Fusion




Wins In Cloud Related Business Driving Shares of Oracle (ORCL) and Fusion (FSNN), GoPro Surges!

Oracle (ORCL) shares surged to a new 52-week high as it beat Q3 estimates shouldered on its significant growth in its high margin (65%) cloud related business. ORCL’s cloud business was confirmed in at $1.2 billion for Q3 and is now clicking along at a $5 billion run rate.

Also, shares of fast growing and acquisitive cloud services provider Fusion (NasdaqCM: FSNN) have once again been moving up. Today’s intraday trading high was $2.02 while the closing price was $1.87 up +.54% after having  having recently secured another win. The win was announced recently as a three-year, $725,000 cloud solutions contract with an international technology staffing and services firm. The company cited Fusion’s single source solutions and robust, geo-redundant national cloud access network for its selection. learn more about Fusion at Vista Partners’ company page.

Shares of GoPro surged on announcement of of 270 job cuts and upbeat outlook!

Oracle eyes new high, GoPro spikes, Tesla to raise cash, Canada Goose goes public

Oracle, GoPro, Tesla, Dollar General and Canada Goose are among the stocks to watch…

finance.yahoo.com

Read Full Article



Fusion (Nasdaq: FSNN) Wins $750k Contract!

Cloud Services Provider Fusion (NasdaqCM: FSNN) wins $750k contract.

Fusion’s team of experts will provide a comprehensive suite of cloud services including:

An advanced, fully integrated cloud services platform providing scalable, converged voice and data solutions to accommodate future growth
A single source solution for the cloud, with one integrated invoice and single point of contact
Advanced billing, reporting, monitoring and management systems
24 x 7 network operations monitoring
24 x 7 live maintenance, technical and customer support
Fusion’s ability to provide a wide range of additional cloud services as part of its end-to-end solution was also an important consideration for the company as it looks to migrate more of its business to the cloud over time.

With 60 locations across North America, the company enables enterprises to achieve digital transformation of their businesses, while relieving them of associated IT staffing and workforce management burdens. It was looking for a partner that could converge its voice and data requirements while optimizing its network to drive cost efficiencies and increase productivity. After evaluating a range of providers, the company selected Fusion for its end-to-end managed network and integrated, single source cloud solutions that eliminate the complexity and “finger pointing” often associated with multi-vendor service environments. Fusion’s ability to deliver diverse connections to the cloud to ensure business continuity was another key factor in the company’s selection of Fusion, allowing the company to focus on its own clients’ requirements for scalable, flexible and comprehensive solutions.

“We are looking forward to growing with this leader in meeting the technical and digital needs of enterprises across the U.S. and Canada,” said Russell P. Markman, Fusion’s President of Business Services. “With over 20 years of experience supporting its clients’ digital transformations, this customer has focused on cutting edge technology and a level of service second to none. We’re pleased that the company has selected Fusion to help it stay at the forefront of the rapidly evolving technology landscape.”

Fusion Secures Three-Year, $725,000 Contract to Provide Single Source Cloud Solutions to Leading Software Development and IT Staffing Company

Fusion , a leading provider of cloud services, has secured a three-year, $725,000 cloud solutions contract with an international technology staffing and services firm. The company cited Fusion’s single …..

finance.yahoo.com

Read Full Article