TMCnet News
iotum Acquires Freeconference.ComMay 20, 2013 (Close-Up Media via COMTEX) -- iotum, operator of the teleconferencing service Calliflower.com, announced it is expanding with the acquisition of California-based Global Conference Partners, provider of FreeConference.com and associated teleconferencing services. Jason Martin, president and CEO, said iotum is acquiring all of the assets of Global Conference Partners, a portfolio company of American Capital, Ltd. In addition to FreeConference.com, the transaction includes InstantConference.com, GlobalConference.com and several other international brands. Financial terms were not disclosed. According to a release, the conferencing properties acquired from GCP will continue to be offered from Glendale, Calif.; no employees will lose their jobs as a result of the acquisition, said Martin. Calliflower also will continue as a conferencing service, he said. "It's a natural fit," said Martin. "The Global Conference properties nicely complement Calliflower where we'll quickly realize economies of scale even though all conferencing services will continue under separate brands." iotum is a privately-held operator of online collaboration and conference calling services. More information: www.iotum.com ((Comments on this story may be sent to [email protected])) |