ACTT $44mil Buyout, Huge News http://www.otcmarke
Post# of 72711
http://www.otcmarkets.com/stock/ACTT/news
BRIEF: PGi acquires Colorado teleconferencing provider
Sep 05, 2013 (The Atlanta Journal-Constitution - McClatchy-Tribune Information Services via COMTEX) -- Atlanta-based PGi, a company that specializes in online event management, said it is acquiring ACT Teleconferencing for about $44 million in cash.
ACT Teleconferencing, based in Lakewood, Colo., provides audio, video and web-conferencing services. It has has projected annual revenue of about $45 million and operations in North America, Europe and Asia Pacific.
PGi, which has its headquarters on Peachtree Street in Buckhead, provides video, voice, mobile, web streaming and file-sharing collaboration services. The company helps businesses set up and manage virtual meetings on desktops, tablets and mobile devices.