Davox Buys Contact Center Rival
Davox is buying fellow contact center software vendor Cellit for $10.2 million and more than 500,000 shares of stock. It also is changing its name to Concerto Software Inc.Davox Corp. announced Thursday that it has entered into a definitive agreement to buy fellow contact center software vendor Cellit Inc. for $10.2 million in cash and more than half a million shares of common stock. Not stopping there, Davox, of Westford, Mass., also said that it was changing its name to Concerto Software Inc., effective immediately.
The acquisition, which has already been approved by the boards of both companies and the shareholders of privately-held Cellit, of Miami, is expected to close at the end of the month.