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
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
Category Company
Founded 1983
Sector Technology Hardware
Employees82
Revenue 25M USD (2022)
DESCRIPTION

ClearOne is a provider of a full range of business-grade videoconferencing products. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. 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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