ClearOne has entered into an agreement to acquire Spontania from Spain-based Dialcom Networks, S.L. in an all-cash deal for EUR3.65 million.
Spontania is a software-based cloud collaboration solution, which combines the benefits of video conferencing and web conferencing into an effective enterprise solution that can scale to tens of thousands of users.
According to a release, the addition of Spontania makes ClearOne the only company offering an entirely software-based video conferencing product line that provides on-premise and cloud-based Software-as-a-Service and Platform-as-a-Service solutions. Spontania complements ClearOne's existing premise-based, enterprise video conferencing offering, COLLABORATE.
"This acquisition will position ClearOne to address a broad range of needs in the rapidly growing desktop and mobile video communications markets," said Zee Hakimoglu, Chairman and CEO of ClearOne. "ClearOne can now offer its partners and end users a clear choice between public cloud, private cloud and on-premise solutions for video collaboration along with our industry-leading voice solutions."
"Spontania's acquisition by ClearOne will benefit and provide new opportunities for our partners, customers and other stakeholders," said Enrique Dominguez, President and CEO of Dialcom Networks. "ClearOne shares our vision for the future growth of the video collaboration market and will be able to leverage its strengths and global leadership position to continue to enhance our cloud-based video collaboration solutions."
ClearOne said it will fund the acquisition of substantially all the assets of Spontania business with available cash and will not assume any debt or cash. The acquisition is expected to be accretive immediately and should close by the end of the first quarter of 2014, subject to customary closing conditions, including applicable regulatory approvals.
Since 2007, Gartner, an IT research and advisory firm, has consistently ranked Spontania in their "Magic Quadrant." Spontania enables real-time video and voice conferencing, presence and instant messaging, as well as advanced collaboration services, including the ability to share interactive whiteboard, media files and presentations. Spontania is interoperable with other standards- based conferencing and communication platforms and runs on multiple platforms and devices including Android and iOS for smartphones and tablets, and on PC platforms such as Windows, Linux and Mac.
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