M&A Deal Summary

Network Billing Systems Acquires IQMax

On January 25, 2018, Network Billing Systems acquired internet software and services company IQMax

Acquisition Highlights
  • This is Network Billing Systems’ 1st transaction in the Internet Software and Services sector.
  • This is Network Billing Systems’ 1st transaction in the United States.
  • This is Network Billing Systems’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2018-01-25
Target IQMax
Sector Internet Software and Services
Buyer(s) Network Billing Systems
Deal Type Add-on Acquisition

Target

IQMax

Charlotte, North Carolina, United States
IQMax, Inc. is a provider of a cloud-based data integration engine that seamlessly integrates and transmits information across diverse applications and platforms. IQMax was founded in 1999 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Network Billing Systems

Wayne, New Jersey, United States

Category Company
Founded 2003
Sector Internet Software and Services
DESCRIPTION

Network Billing Systems LLC is a provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading-edge solutions in the cloud, including cloud communications, contact center, cloud connectivity, and cloud computing. Network Billing Systems was formed in 2003 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1