M&A Deal Summary

PGI Acquires Ecovate

On January 12, 2017, PGI acquired internet software and services company Ecovate

Acquisition Highlights
  • This is PGI’s 4th transaction in the Internet Software and Services sector.
  • This is PGI’s 12th transaction in the United States.
  • This is PGI’s 2nd transaction in Colorado.

M&A Deal Summary

Date 2017-01-12
Target Ecovate
Sector Internet Software and Services
Buyer(s) PGI
Deal Type Add-on Acquisition

Target

Ecovate

Denver, Colorado, United States
Ecovate, Inc. (dba ReadyTalk) is a provider of cloud communications with video, audio and web conferencing, webinars, webcasts and unified communication solutions.

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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 17 of 17
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 14 of 14
State: Colorado M&A 2 of 2
Country: United States M&A 12 of 12
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 Modality Systems

St Albans, United Kingdom

Modality Systems Ltd. is a dedicated Microsoft® Lync® services and software firm.

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