Epazz, Inc. (EPAZ) Nestles into Strategy to Grow through Acquisition, Spin-off
Founded in 2000, Chicago-based Epazz works alongside its subsidiaries to design and sell various software programs to business enterprises, hospitals, and government and post-secondary institutions in the United States. The company’s goal is to effectively transition into a holding company, acquiring, developing and then executing a spin-off with stock dividends. Since its initial public offering in, EPAZ has grown revenue by 1,000% to reach revenues of $1.19 million for 2012, reflecting an increase in global distribution channels for its products. In comparison, EPAZ reported revenues of $735,972. The company has steadily increased its client base as it grows sales and…