Thanks for replying. I guess that’s exactly part of what I’m wondering also— the mGage acquisition looks like it will nearly double their month over month growth immediately following the acquisition. ($10.2M was for one month, so a full quarter should yield over $30M versus their native $43M as you pointed out)
Is the fact that new acquisitions have put them in a growth space bad, or is it maybe just way too early to see if they can also grow organically and are investable? I certainly don’t think they were large enough to matter in the CPaaS market before these acquisitions and I wasn’t interested before they broke in to the U.S market and opened offices in the States.
I’ll keep watching over the next several quarters. I have a smallish position I decided to pick up before posting on the forum; if they discover a path to more organic growth and margin improvement maybe I’ll bring it back to the board.