When a fast growing business is acquired, the handover can often be crucial in determining the future of its success (or failure). Often people believe that if a company is growing substantially, it will inevitably continue to grow regardless of who owns the company but in reality, this rarely happens.
At the end of 2013, Powwownow was acquired by PGi; a global leader in collaboration and conferencing solutions. PGi saw the value in our company as a unique, instant and cost-free service for businesses that wanted both a user-friendly and straight-forward product. So rather than just selling out and walking out the company’s doors, Paul Lees, founder of Powwownow has remained involved with the company for this transition period.
Over the course of the past year, Paul has worked closely with PGi and Powwownow’s management team to ensure the longevity and success of our conferencing service, but this is not to say that only PGi has gained from this acquisition. Powwownow has also adopted a number of products from PGi and will be rolling out a number of new video and web conferencing solutions that will be available to our customers in the near future. So keep an eye out for products that will be coming soon!
Here’s what Paul Lees has to say about our successful transition: