M&A Deal Summary

Oblong Acquires Oblong Industries

On September 16, 2019, Oblong acquired software company Oblong Industries

Acquisition Highlights
  • This is Oblong’s 1st transaction in the Software sector.
  • This is Oblong’s 2nd transaction in the United States.
  • This is Oblong’s 1st transaction in California.

M&A Deal Summary

Date 2019-09-16
Target Oblong Industries
Sector Software
Buyer(s) Oblong
Deal Type Merger
Advisor(s) Gunderson Dettmer (Legal)

Target

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.

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Buyer(S) 1

Buyer

Oblong

Denver, Colorado, United States

Category Company
Sector Information Technology
Employees17
Revenue 2M USD (2024)
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.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 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.

Buy -