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?