West Corp to acquire INXPO

Posted Date: 
13 Sep 2018
Source: 
Company Press Release

OMAHA, Neb., Sept. 13, 2018 (GLOBE NEWSWIRE) -- West Corporation (“West” or the “Company”), a global leader in technology-enabled services, announced today it has entered into an agreement to acquire INXPO, Inc. (“INXPO”), a provider of feature-rich webcasting and online events for the enterprise.

INXPO is a video platform built upon a secure, reliable and scalable foundation that has powered thousands of digital events and touched millions of users. From fully branded webcasts or online events, to enterprise video portals, INXPO’s versatile products empower its clients to reach their audiences with broadcast quality video. Built for marketing, corporate communications, sales enablement and training, INXPO’s innovative technology delivers engaging video experiences for many of the world's leading brands to extend reach, drive engagement and maximize ROI.

“Adding INXPO’s robust features to the existing West webcasting solution will create an industry-leading enterprise video communication platform, leveraging the best of both firms' managed webcast and online events,” said John Shlonsky, Chief Executive Officer and President of West Corporation. “We expect video to continue to be rapidly adopted by enterprises of all sizes to engage with customers, partners and employees in real-time and on demand. With the combination of West and INXPO, we are in an excellent position to reap the benefits of this industry’s growth.”

The INXPO acquisition complements West’s already robust offering and augments the Company’s Digital Media Solutions’ streaming services, providing clients with greater choice and making it easier for them to manage their overall communication initiatives. Additionally, the acquisition enables West customers to create TV-style event experiences and adds the power of social media syndication through the latest WebRTC technology.

The closing of this transaction, which is subject to customary closing conditions, is expected to occur within 30 days.

Read WR's Steve Vonder Haar's take here.