Fidelity, a voice and data company was recently acquired by cloud service provider Fusion for $30.0 million. The deal was split with $28.5 million paid in cash and another $1.5 million given in Fusion common stock.
Fidelity is based in Beachwood, Ohio and provides cloud connectivity, voice, storage and security services, along with a data center. They have about 2,000 business clients found throughout the Midwest and the entire United States.
Fusion has set a goal of completing the integration of Fidelity into their services by the end of the second quarter of next year.