I am excited to share that PGi has acquired UK-based Powwownow, one of Europe’s fastest growing conferencing and collaboration providers focused on small and midsize businesses. For more information, please read the press release.
By joining forces, PGi is now positioned as the second largest independent conferencing and collaboration provider in Europe. Powwownow’s dominance in the SMB space in the UK makes it a valuable acquisition for PGi. The acquisition reinforces our strategy of expanding PGi’s customer base and identifying products that enhance our portfolio, while delivering meaningful revenue and earnings accretion that enable us to fund additional growth investments. Powwownow users will gain access to our award-winning web conferencing solutions, iMeet® and GlobalMeet®, to drive their businesses forward.
Founded in 2004, Powwownow offers its customers conference calling with frictionless sign-up, simplified billing and a robust SMB go-to-market approach. Powwownow serves approximately 240,000 active users in the U.K., France and Germany.
“Powwownow’s unique brand and innovative approach to audio conferencing has yielded powerful growth in Europe, particularly in the U.K. With a maniacal customer acquisition strategy, amazing discipline in customer experience execution and a laser focus on the SMB market, this acquisition provides PGi with a growing brand and a captive audience for its iMeet and GlobalMeet web products,” said Marc Beattie, senior analyst, Wainhouse Research.
I am thrilled to welcome Powwownow into our growing PGi family.