|
Leading Nationwide Video Conferencing Providers Join Forces
Wednesday, December 03, 2008
Providea, Inc. Acquires Videre Conferencing, Inc.
CAMARILLO, Calif., Dec. 3 /PRNewswire/ -- Providea, Inc., today announced
the acquisition of Boston-based Videre Conferencing, Inc. The acquisition
nearly doubles the size and resources for the combined video conferencing
company which will operate under the name of Providea Conferencing, LLC.
Providea, Inc. is a leading nationwide provider of comprehensive video
conferencing solutions comprised of best-in-class hardware, managed services,
network and multipoint conferencing. Videre Conferencing, Inc. offers a full
suite of video conferencing, audiovisual and networking solutions with
extensive experience in high-definition (HD) video conferencing environments
and custom integration. The acquisition of Videre is highly complementary
geographically, bringing the combined company to 18 locations across the U.S.
Providea Conferencing's CEO, Tom Bailey said, "Providea and Videre may
have originated on opposite coasts, but we share a similar philosophy toward
customer service and our outlook on the significant opportunities in this
industry. The combination of our two companies strengthens our nationwide
capabilities as well as reinforces our customer support. We look forward to
leading the industry in this next phase of video conferencing."
"The two firms' capabilities complement each other perfectly, as does the
blending of our talented personnel," added Todd Luttinger, President of
Providea Conferencing. "Our new company features dozens of veterans in the
industry who know how to ensure our customers realize the key benefits of
video conferencing through effective HD and multipoint meetings, reduced
travel expenses and significant time savings." Management of Videre will
continue to retain a significant ownership stake in the company.
Providea recently announced that WestView Capital Partners had completed a
recapitalization and growth equity investment in Providea. WestView's
continued financial involvement will help Providea Conferencing expand its
market position through organic initiatives and additional acquisitions.
About Providea:
Providea, Inc. offers a comprehensive suite of video conferencing
solutions and managed services including hardware and installation, network
services, conference bridging, managed video solutions as well as maintenance
and support services. Providea was founded in 1999 by video and network
industry veterans with an established track record to meet the growing
industry demands for video communication and leverage its extensive
videoconferencing and network experience to deliver a complete suite of
business quality programs and services. Providea is based in Camarillo,
California and more information is available at
http://www.provideasolutions.com.
About Videre Conferencing:
Established in 2002, Videre Conferencing is a leading conferencing
solutions provider of integrated, High Definition videoconferencing,
audiovisual and networked solutions and services. Leading organizations
within financial, legal, technology, professional services, healthcare,
entertainment, education and government sectors rely on Videre. Videre is
headquartered in Quincy, Massachusetts and more information is available at
http://www.videreconferencing.com
About WestView Capital Partners:
WestView Capital Partners is a private equity firm focused exclusively on
lower middle market companies. WestView partners with existing management
teams to sponsor minority and majority recapitalization, growth, buyout and
consolidation transactions in a wide range of industries including business
and healthcare services, IT services, industrial, distribution/logistics,
media/publishing and financial services. WestView targets companies with
operating profits between $3 million and $15 million with investment sizes
ranging from $5 million to $25 million. WestView is located in Boston,
Massachusetts and more information is available at http://www.wvcapital.com.
SOURCE Providea, Inc.
|
|
|
|
 |
Fake LinkedIn profiles promise pics, send malware instead | Jan 8, 2009
|
|
Epson Perfection V30 Scanner Offers Incredible Resolution and Image Quality at the Low Price of $79.99 | Jan 8, 2009
|
|
Residents Ring in the New Year | Jan 7, 2009
|
|
/C O R R E C T I O N -- Celsia Technologies, Inc./ | Jan 7, 2009
|
|
Panasonic and AEG Partner to Provide Fully Integrated Technology Solutions for Sports and Entertainment. | Jan 7, 2009
|
|
The Next Dimension in Home Entertainment: | Jan 7, 2009
|
|
Celsia Technologies, Inc. Announces Reverse Stock Split to Be Effective January 14, 2009 | Jan 7, 2009
|
|
Trade Risk Management A Rising Priority as More Companies Expand Globally, Says KPMG | Jan 7, 2009
|
|
Bug Labs Announces New BUGmodules and Applications at CES 2009 | Jan 7, 2009
|
|
ROBOBAK Reports Record Growth in Customers, Revenue in 2008 | Jan 7, 2009
|
|
|
