West Corp. To Buy SchoolMessenger

(RTTNews) - West Corp. (WSTC) said Monday that it has entered into an agreement to buy Reliance Holding, Inc. d/b/a SchoolMessenger, a provider of notification and mobile communication solutions for the K-12 education market.

Thousands of public and private school districts in all 50 U.S. states depend on SchoolMessenger's innovative solutions to connect and effectively communicate with millions of parents, students and staff every day. SchoolMessenger was founded in 1999 and has become the leading provider of high volume, on-demand messaging and communication platforms for the K-12 community. SchoolMessenger had revenue of about $27 million in 2013.

SchoolMessenger will be a part of West's Unified Communications business segment.

The deal is expected to close during the second quarter of 2014. West expects the deal to be slightly accretive in 2014 on an earnings per share basis, adjusted for deal-related amortization and expenses.