Acquisition of MSP & Telco Business, adds $2.6m in revenue and $0.87m in EBITDA. Effective April 1, 2022, Hubify has acquired the MSP and Telco assets of Connected Intelligence for $3m. Connected shares the same upstream suppliers and platforms as Hubify, which allows for a seamless integration of technologies and systems.
Some key points:
• 25 customers billing $2.6m annually
• 90% contracted recurring revenue
• 75% managed services revenue and 25% voice & data
• Average customer tenure of 4.5 years
• Increases HFY recurring revenue by 13% to $19.5m