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Changing of the Guard at TalkPoint

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Changing of the Guard at TalkPoint
    

By: -
10 May 2017
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Longtime TalkPoint Chief Executive Officer Nick Balletta has left the company, marking a significant management transition for the New York-based managed webcast services company acquired more than two years ago by PGi.

Balletta’s departure closely follows the resignation of TalkPoint’s vice president of marketing Dan Roche, who left the company at the end of March to conclude his own 17-year run at TalkPoint.

While both departures appear to highly amicable, they still represent an important shift in how PGi manages its webcast operations. Balletta and his team had been given an unusually high level of autonomy following PGi’s acquisition of TalkPoint in September, 2014.

In the wake of these changes, it appears that PGi – an Atlanta-based provider of collaboration solutions and other enterprise communications technologies – will work to centralize more of the general administrative and product development work associated with its webcasting initiatives.

TalkPoint Chief Technology Officer Mike Vitale remains with the company and has been tabbed to lead the company’s operations in New York. However, Pat Harper – the chief technology officer of PGi on an overall basis – will be responsible for coordinating PGi’s overarching product roadmap for the webcasting market.

Wainhouse Research expects TalkPoint to remain the linchpin of PGi’s product offerings in the webcasting market. The unit will continue to sell managed webcast services and license self-service streaming solutions under its own brand. TalkPoint’s technology also serves as the foundation for PGi’s licensed iMeetLive webcasting solution and is expected to become a cornerstone of the webcasting solutions to be offered by ReadyTalk – another technology provider acquired in January by PGi.

Given the customary trajectory of corporate acquisitions, Ballletta’s departure could be seen as overdue. In such deals, it is not unusual to see key managers leave within a year of an acquisition. Having survived more than two years, Balletta and his team had appeared to establish themselves as an exception to the rule in the realm of corporate acquisitions.

Balletta is not joining any other company immediately. In an interview with Wainhouse Research, he said he expects to take at least several months to identify start-up companies to invest in – and possibly manage.

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