M&A Deal Summary

Oblong Acquires Affinity VideoNet

On October 1, 2012, Oblong acquired communications company Affinity VideoNet from Main Street Capital

Acquisition Highlights
  • This is Oblong’s 1st transaction in the Communications sector.
  • This is Oblong’s 1st transaction in the United States.
  • This is Oblong’s 1st transaction in Colorado.

M&A Deal Summary

Date 2012-10-01
Target Affinity VideoNet
Sector Communications
Buyer(s) Oblong
Sellers(s) Main Street Capital
Deal Type Add-on Acquisition

Target

Affinity VideoNet

Denver, Colorado, United States
Affinity is headquartered in Denver, Colorado with an office in Wakefield, Massachusetts (suburb of Boston). For businesses where face-to-face meetings are essential, but time and cost prohibitive, Affinity offers the highest quality video conference suites, bridging and conferencing services and the most responsive scheduling bureau, providing just-like-being-there meetings. The Company has a large network of video locations across the globe, including more than 1,500 suites, and provides its customers a lower cost alternative to actual travel for meetings.

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Buyer(S) 1

Buyer

Oblong

Denver, Colorado, United States

Category Company
Founded 2000
Sector Information Technology
Employees17
Revenue 4M USD (2023)
DESCRIPTION

Oblong is a provider of cloud-based video collaboration services, network services, and business-class support services. The Company provides customers with a tailored mix of these services to fit each customer's needs. More than 1,000 different organizations in 96 countries use Glowpoint services to collaborate with colleagues, business partners, and customers more effectively. Oblong was founded in 2000 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 Oblong Industries

Los Angeles, California, United States

Oblong Industries, Inc. is a collaboration technology company with a mission to provide the world with new computing forms of genuine value and durable worth, forms profoundly capable, human, beautiful and exhilarating. Oblong Industries was formed in 2006 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 13 of 45
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 7 of 21
State (Colorado) 1 of 7
Country (United States) 13 of 45
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-09 Indianhead Pipeline Services

Chippewa Falls, Wisconsin, United States

Indianhead Pipeline Services is a pipeline construction services company. Indianhead Pipeline Services provides products and support services to transcontinental pipeline construction companies in North America. The Company's primary services include buoyancy control, site preparation and restoration, foam services, and erosion control. Indianhead Pipeline Services was formed in 1997 and is based in Chippewa Falls, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-07 Oblong

Denver, Colorado, United States

Oblong is a provider of cloud-based video collaboration services, network services, and business-class support services. The Company provides customers with a tailored mix of these services to fit each customer's needs. More than 1,000 different organizations in 96 countries use Glowpoint services to collaborate with colleagues, business partners, and customers more effectively. Oblong was founded in 2000 and is based in Denver, Colorado.

Buy -