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  6. ACT Teleconferencing Acquires Proximity

M&A Deal Summary

ACT Teleconferencing Acquires Proximity

On February 4, 2002, ACT Teleconferencing acquired communications company Proximity

Acquisition Highlights
  • This is ACT Teleconferencing’s 1st transaction in the Communications sector.
  • This is ACT Teleconferencing’s 1st transaction in the United States.
  • This is ACT Teleconferencing’s 1st transaction in Vermont.

M&A Deal Summary
Date 2002-02-04
Target Proximity
Sector Communications
Buyer(s) ACT Teleconferencing
Deal Type Add-on Acquisition
Advisor(s) Kaufman & Company (Financial)

Target

Proximity

South Burlington, Vermont, United States
Proximity is an international provider of video conferencing services and public video room rentals. The Proximity public video conference network provides a professional conference room environment in more than 4,000 locations around the world. When you want a reliable, easy-to-use video conference solution, reserve a Proximity video suite. Hourly rental rates keep meetings affordable.

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Buyer(S) 1

Buyer

ACT Teleconferencing

Lakewood, Colorado, United States
Category Company
Founded 1989
Sector Communications
Employees324
DESCRIPTION

ACT Conferencing is a provider of integrated conferencing solutions.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Vermont M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2002 M&A 1 of 1
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