We added Fusion Telecommunications (FSNN) to the Tailwinds Select Portfolio today at a share price of $1.60.
Fusion is a cloud services company that delivers a comprehensive suite of innovative, yet proven cloud solutions to businesses of all sizes. Their advanced, high availability service platform enables the integration of leading edge solutions in the cloud, including cloud communications, cloud connectivity, cloud computing and additional cloud services such as storage and security. Fusion’s cloud solutions reduce their customers’ cost of ownership, and deliver new levels of security, flexibility, scalability and speed of deployment.
With a strong history of growth through acquisition, Fusion has managed to reach critical mass in the marketplace. Now we are looking for their organic growth to begin to accelerate, more acquisitions from their strong pipeline, and for the market to start to reward them with a higher multiple.
Fusion’s management team is strong and the CEO, along with his family, has provided a lot of the money to fund growth over the years. We are very excited about the prospects for Fusion and believe they represent a low risk avenue to solid capital appreciation going forward.