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Slide #71. PGi — Powwownow
PGi (NYSE: PGi), a global leader in collaboration and virtual meetings for over 20 years, today announced that it has acquired Via-Vox Limited, trading under the name Powwownow, one of Europe's fastest growing conferencing and collaboration providers focused on small and midsize businesses, for a cash purchase price of approximately $52.6 million USD, net of working capital. PGi funded the purchase through its credit facility and cash and equivalents on hand.
Premiere Global Services is a provider of collaboration software and services. Co.'s collaboration solutions comprised of: iMeet®; iMeetLive®; iMeet® Projects; iMeet® Agenday; GlobalMeet®; GlobalMeet® Audio; GlobalMeet® Audio On-net; Unified Communications Services and Software; PGi Event Services; and PGi Video Managed Services. Co. delivers its collaboration solutions as a service through all Internet browsers and via its suite of desktop and mobile applications for PC, Mac, iOS, Android and BlackBerry devices. Co. markets its solutions through direct sales, channel resellers and strategic technology partners. Co.'s solutions are also available for purchase online at pgi.com.
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Hold (2.00 out of 4)
(ranked higher than approx. 63% of all stocks covered)
Based on Zacks ABR data;
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