M&A Deal Summary

PGI Acquires Resource Communications

On April 1, 2004, PGI acquired communications company Resource Communications for 20M USD

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

M&A Deal Summary

Date 2004-04-01
Target Resource Communications
Sector Communications
Buyer(s) PGI
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Resource Communications

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

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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 1 of 17
Sector (Communications) 1 of 12
Type (Add-on Acquisition) 1 of 14
State (New Jersey) 1 of 1
Country (United States) 1 of 12
Year (2004) 1 of 5
Size (of disclosed) 9 of 12
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 ClearOne - Conferencing Services Division

Salt Lake City, Utah, United States

ClearOne - Conferencing Services Division is a full suite of audio and Web conferencing services.

Buy $20M