Fusion News

NEW YORK, July 17, 2018 (GLOBE NEWSWIRE) -- Fusion (NASDAQ:FSNN), a leading provider of cloud services, has secured a $5.4 million, five-year cloud solutions contract with a leading distributor in the automotive industry. The companies cited Fusion’s productivity-enhancing cloud communications and collaboration solutions, integrated cloud connectivity with Quality of Service guarantees, experienced, live technical support and exemplary reputation for providing a superior customer experience.

NEW YORK, June 18, 2018 (GLOBE NEWSWIRE) -- Fusion (NASDAQ:FSNN), announced today that on June 15, 2018, it closed its previously-announced acquisition of MegaPath Holding Corporation (“MegaPath”). The total purchase price was $71.5 million, consisting of $61.5 million in cash and 1.7 million shares of Fusion common stock priced at $5.78 per share. The cash portion of the purchase price was financed from Fusion’s existing cash balances held in escrow for this acquisition.

NEW YORK, May 31, 2018 (NASDAQ:FSNN), today announced it will participate in the Morgan Stanley Leveraged Finance Conference. The conference will be held at The Roosevelt Hotel in New Orleans, Louisiana on June 5-6, 2018.

NEW YORK, May 17, 2018 (GLOBE NEWSWIRE) -- (NASDAQ:FSNN), today announced its participation in the following investor conferences in May 2018.

NEW YORK, May 15, 2018 (GLOBE NEWSWIRE) -- (NASDAQ:FSNN), today announced financial results for its first quarter ended March 31, 2018.

NEW YORK, May 10, 2018 (GLOBE NEWSWIRE) -- Fusion (NASDAQ:FSNN), 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 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.

NEW YORK, May 08, 2018 (GLOBE NEWSWIRE) -- (NASDAQ:FSNN), will hold a conference call on Tuesday, May 15, 2018 at 10:30 a.m. Eastern time to discuss its results for the first quarter ended March 31, 2018. Financial results will be issued in a press release prior to the call.

NEW YORK, May 08, 2018 (GLOBE NEWSWIRE) -- Fusion (NASDAQ:FSNN), announced today that on May 4, 2018, it closed a private placement (the “Private Placement”) of 1,523,811 shares of its common stock. The shares were priced at $5.25 per share for gross proceeds of $8.0 million. Proceeds from the Private Placement will be used by Fusion for general

NEW YORK, May 07, 2018 (GLOBE NEWSWIRE) -- Fusion (NASDAQ:FSNN), announced today 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 approximately $600 million, consisting of approximately 50 million shares of Fusion common stock and the refinancing of $444 million of Birch indebtedness.

Fusion (NASDAQ: FSNN), a leading cloud services provider, today announced financial results for its fourth quarter and full year ended December 31, 2017.