February 5
Copper Conferencing Acquires The Conference Depot – Copper Continues to Lead the Conferencing Industry with expert Conference Coaches™, Broad Conferencing Service Options and a Robust Channel Partner Portfolio
FOR IMMEDIATE RELEASE
BROOMFIELD, CO, February 5, 2008 – Copper Conferencing, a leading provider of audio conferencing, web conferencing, and video conferencing services; offered primarily through professional independent partners, announced today that it has acquired The Conference Depot, Inc. It purchased the Carlsbad, California firm for $11M, capitalized in part through an equity investment by NewWest Capital Partners of Denver, Colorado and debt financing through Bush O’Donnell Capital Partners, LLC of St. Louis, Missouri. Other deal terms were not disclosed.
With this most recent acquisition, Copper Conferencing enhances its robust conferencing services for small and medium-sized (SMB) businesses. The acquisition will give customers for both companies access to an even greater menu of audio, web, and video conferencing services used for remote group communications.
“Our acquisition of a top conferencing provider like The Conference Depot is a significant step towards the realization of our company goal to provide unparalleled customer service and comprehensive group communications offerings to the underserved SMB market segment,” said Brad Dupee, President and CEO of Copper Conferencing “With this acquisition we’ll be able to better serve the experienced conferencing professional with the latest automated conferencing systems as well as the beginner or novice who wants assistance though our Conference Coach™ to make their calls absolutely flawless.”
With the acquisition of The Conference Depot, Copper Conferencing is now able to give customers unprecedented access to industry-leading audio and web conferencing tools. Lead by an executive team of industry veterans with over 50 years of industry experience, Copper Conferencing’s skilled Conference Coaches™, offer a suite of easy-to-use group communications tools, including on-demand reservationless audio conferences, event calls, and interactive web conferencing with the ability to instantly share any documents with remote parties. With the continuing consolidation in the conferencing industry, analysts believe that Copper Conferencing is equipped to meet the demands of customers and partners who are looking to unlock the significant efficiency and productivity gains of these cost effective group communication and conferencing solutions.
”We have seen a 28% compound annual growth rate in hosted audio conferencing minutes over the last six years, and while there have always been options for users to manage conferencing services themselves, more often they turn to specialists like Copper Conferencing,” stated Marc Beattie, an analyst with Wainhouse Research. “Through scale and focus, specialists provide a more cost effective solution at a higher service level allowing users to focus on their critical business tasks, and not the technology.”
About Copper Conferencing
Based in Broomfield, Colo., Copper Conferencing’s Conference Coaches™ provide expert guidance of enhanced conference calling services to small and medium-sized businesses. From on-demand reservationless audio conference calls, to highly-interactive web conferences and special event calls, Copper helps businesses improve the speed and effectiveness of remote decision making. These services are backed by fully managed, carrier-class platforms to power communication for thousands of customers. Copper’s leadership team brings over 50 years of industry experience and has created a successful channel-centric sales approach which includes wholesale partners and authorized agents and internet sales programs. The company is privately-held. For more information about Copper, visit the company’s website at www.copperconferencing.com.
For more information contact:
Stefanie Jones Public Relations, Inc.
303-388-8460
sjones@sjonespr.com
