M&A Deal Summary

PGI Acquires ClearOne - Conferencing Services Division

On July 1, 2004, PGI acquired communications company ClearOne - Conferencing Services Division from ClearOne for 20M USD

Acquisition Highlights
  • This is PGI’s 2nd transaction in the Communications sector.
  • This is PGI’s 7th largest (disclosed) transaction.
  • This is PGI’s 2nd transaction in the United States.
  • This is PGI’s 1st transaction in Utah.

M&A Deal Summary
Date 2004-07-01
Target ClearOne - Conferencing Services Division
Sector Communications
Buyer(s) PGI
Sellers(s) ClearOne
Deal Type Divestiture
Deal Value 20M USD

Target

ClearOne - Conferencing Services Division

Salt Lake City, Utah, United States
ClearOne - Conferencing Services Division is a full suite of audio and Web conferencing services.

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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 2 of 17
Sector (Communications) 2 of 12
Type (Divestiture) 1 of 3
State (Utah) 1 of 1
Country (United States) 2 of 12
Year (2004) 2 of 5
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Resource Communications

New Jersey, United States

Resource Communications, Inc. is a provider of conferencing and Web collaboration solutions to small- and medium-sized businesses.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 Connect-us Group Communications

Reston, Virginia, United States

Connect-us Group Communications, Inc. is a provider of audio and data conferencing services.

Buy $9M

Seller(S) 1

SELLER

ClearOne

Salt Lake City, Utah, United States

website

Category Company
Founded 1983
Sector Technology Hardware
Employees107
Revenue 29M USD (2021)
DESCRIPTION

ClearOne is a provider a full range of business-grade videoconferencing products. ClearOne was founded in 1983 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-03 NetStreams

Austin, Texas, United States

NetStreams, Inc. is a manufacturer of high definition audio and video equipments for TCP/IP networks. NetStreams' products, designed for commercial and residential use, offer unprecedented levels of performance, functionality, simplicity, reliability, and expandability.

Buy $2M
Mergr

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