M&A Deal Summary

PGI Acquires ACT Teleconferencing

On September 4, 2013, PGI acquired communications company ACT Teleconferencing for 44M USD

Acquisition Highlights
  • This is PGI’s 10th transaction in the Communications sector.
  • This is PGI’s 2nd largest (disclosed) transaction.
  • This is PGI’s 9th transaction in the United States.
  • This is PGI’s 1st transaction in Colorado.

M&A Deal Summary

Date 2013-09-04
Target ACT Teleconferencing
Sector Communications
Buyer(s) PGI
Deal Type Add-on Acquisition
Deal Value 44M USD

Target

ACT Teleconferencing

Lakewood, Colorado, United States
website
ACT Conferencing is a provider of integrated conferencing solutions.

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Buyer(S) 1

Buyer

PGI

Alpharetta, Georgia, United States

website


Category Company
Founded 1991
Sector Software
Employees2,250
Revenue 567M USD (2014)
DESCRIPTION

PGI is a provider of audio conferencing solutions and SaaS-based web and video collaboration solutions to large global companies, mid-sized companies, and SMBs. PGi has a broad suite of conferencing and collaboration solutions that enable business users to easily connect, collaborate, and share ideas and information in real-time using traditional phones, desktops, video systems, laptops, tablets, smartphones, and other mobile devices. PGI was founded in 1991 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 12 of 17
Sector (Communications) 10 of 12
Type (Add-on Acquisition) 9 of 14
State (Colorado) 1 of 2
Country (United States) 9 of 12
Year (2013) 1 of 2
Size (of disclosed) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-09 Premiere Global Services - Email Marketing Business

Atlanta, Georgia, United States

Premiere Global Services - Email Marketing Business is a provider of email marketing solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 Via-Vox

Richmond, United Kingdom

Via-Vox Ltd. is the U.K. conference services provider focused on small and midsize businesses.

Buy $53M