The deal will cost Vonage 105 million in cash and $25 million in stock and is expected to be finalized in the 4th quarter of 2013.
Based on Vonage research, the small to mid-sized business segment for voice service in North America is an approximate $15 billion market opportunity.
Vocalocity's core focus and customer base are businesses with 20 or fewer seats; representing approximately 60% of the small to mid-sized business market. Research firm Frost & Sullivan have forecast the small to mid-sized business for hosted VOIP services to grow at an annual rate of 27.5% through 2018.
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