M&A Deal Summary

magicJack Acquires North American Telecommunications

On March 15, 2016, magicJack acquired internet software and services company North American Telecommunications for 40M USD

Acquisition Highlights
  • This is magicJack’s 2nd transaction in the Internet Software and Services sector.
  • This is magicJack’s largest (disclosed) transaction.
  • This is magicJack’s 2nd transaction in the United States.
  • This is magicJack’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2016-03-15
Target North American Telecommunications
Sector Internet Software and Services
Buyer(s) magicJack
Deal Type Add-on Acquisition
Deal Value 40M USD
Advisor(s) Q Advisors LLC (Financial)
Kelley Drye (Legal)

Target

North American Telecommunications

Philadelphia, Pennsylvania, United States
North American Telecommunications Corp. (Broadsmart) is a provider of hosted UCaaS for medium-to-large multi-location enterprise customers.

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Buyer(S) 1

Buyer

magicJack

West Palm Beach, Florida, United States
Category Company
Founded 1989
Sector Communications
Employees98
Revenue 97M USD (2016)
DESCRIPTION

magicJack is a provider of carrier-class voice over Internet protocol (VoIP) and convergence solutions for fixed and wireless communication service providers. The Company’s main product offering, the magicJack, provides a low-cost alternative to consumers and businesses seeking additional phone lines or local carrier alternatives. magicJack was established in 1989 and is based in West Palm Beach, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 SJ Labs

Solon, Ohio, United States

SJ Labs, Inc. develops voice over Internet protocol (VOIP) software for voice.

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Product

Company

Legal