Tag: magicJack VocalTec

17
Apr

Broadsmart Acquisition – $40 Million by magicJack VocalTec

In March this year magicJack VocalTec Ltd. (NASDAQ: CALL), a leader in providing voice-over-Internet cloud-based communication solutions, acquired North American Telecommunications Corp. d/b/a Broadsmart in a deal worth $40 million. Broadsmart acquisiton consists of $38 million in cash, $2 million in ordinary shares of magicJack and a $2-million earnout if Broadsmart reaches $15.6 million in 2016 revenue. The deal also includes

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