TORONTO, May 15, 2013 /PRNewswire/ -- iotum, operator of
the popular and versatile teleconferencing service Calliflower.com
for small business, today announced it is expanding with the
acquisition of California-based
Global Conference Partners, provider of FreeConference.com and
associated teleconferencing services.
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Jason Martin, president and CEO,
said iotum is acquiring all of the assets of Global Conference
Partners, a portfolio company of American Capital, Ltd. (NASDAQ:
ACAS). In addition to FreeConference.com, the transaction
includes InstantConference.com, GlobalConference.com and several
other international brands. Financial terms were not disclosed.
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."
About iotum
iotum is a privately-held operator of online collaboration and
conference calling services. iotum operates the popular Calliflower
teleconference platform, which has introduced a number of
teleconference innovations since its introduction in 2007, and
services medium and small businesses and organizations. iotum was
founded in 2006 by industry legend Alec
Saunders, who joined BlackBerry as vice president of
developer relations in 2011. Based in Toronto, Canada, iotum's customer base is
worldwide. For further information, please visit www.iotum.com
About American Capital
American Capital is a publicly traded private equity firm and
global asset manager. American Capital, both directly and through
its asset management business, originates, underwrites and manages
investments in middle market private equity, leveraged finance,
real estate and structured products. American Capital manages
$21.2 billion of assets, including
assets on its balance sheet and fee earning assets under management
by affiliated managers, with $117
billion of total assets under management (including levered
assets). Through an affiliate, American Capital manages publicly
traded American Capital Agency Corp. (Nasdaq: AGNC) with
approximately $13 billion market
capitalization and American Capital Mortgage Investment Corp.
(Nasdaq: MTGE) with approximately $1.5
billion market capitalization. From its eight offices in the
U.S. and Europe, American Capital
and its affiliate, European Capital, will consider investment
opportunities from $10 million to $750
million. For further information, please refer to
www.AmericanCapital.com.
MEDIA CONTACT:
Jim
Byrnes
Comunicano, Inc.
1+ 610-333-1794 (office)
1+ 610-248-5053 (mobile)
jbyrnes@comunicano.com
SOURCE iotum