Atlanta’s Latest Billion Dollar Exit is 24-Year-Old Premiere Global Services

Last night Siris Capital Group announced they were going to acquire Atlanta-based Premiere Global Services, Inc. (PGI) for $1 billion. Now, that includes paying off $340 million of long-term debt, so it’s going to be a great billion dollar transaction but not a unicorn. PGI is a provider of web conferencing software and conference call solutions.

Here’s what we know about PGI:

• Founded in 1991 and still lead by the founding entrepreneur/CEO, Boland Jones (very impressive!)
• IPO on March 5, 1996
• $43 million annual run-rate in Q2 1996
• $577 million annual run-rate now

Here’s a talk by Boland Jones:

Congrats to Boland and the whole PGI team on a great run and being Atlanta’s next billion dollar exit.

What else? What are some more thoughts and stories about PGI?