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The Last of Us Part 2 delay DNC postponed Coronavirus updates Zoom working on security NASA 'worm' logo Fortnite x Deadpool buys for $850M (Nasdaq: PHCM) said Monday it will buy in a stock swap valued at $850 million. said, which provides unified email, voicemail, fax, and wireless-enabled communication applications, will compliment its existing products. provides wireless Internet software and services.

The company has gone on a shopping spree of late, buying @Motion and Paragon. Last week, bought Paragon for $500 million in stock. In December, the company bought @Motion for $285 million.

Under the terms of the latest deal, shareholders will about 6.5 million shares of common stock. The deal is expected to close in's fiscal fourth quarter ending June 30.

The companies' products will be integrated together and sold as a package or on a standalone basis to Internet service providers and telecommunications companies., which has 2.5 million registered users, is a ZDNet partner.'s chief executive officer, Ross Bott, will join as chief operating officer for the products group.'s 70 employees will become employees.

"We now significantly broaden our target markets and product offerings with's advanced unified messaging applications," said Alain Rossmann, CEO of