PGi and TeliaSonera Announce New Strategic Alliance
Leader in Telecommunication and Broadband Services in the Nordic and Baltic Countries to Resell PGi's Business Collaboration Solutions, Including iMeet® and GlobalMeet® Audio
ATLANTA, March 20, 2013 /PRNewswire/ -- PGi (NYSE: PGI), a global leader in virtual meetings for over 20 years, today announced a new strategic alliance with TeliaSonera, a leading provider of network access and telecommunication services in the Nordic and Baltic countries, to bring PGi's virtual meeting and cloud-based collaboration solutions to TeliaSonera's business and consumer customers in these regions.
"We are delighted to announce our alliance with TeliaSonera," said Boland Jones, PGi founder, chairman and CEO. "As we look to bring our innovative virtual meeting solutions to knowledge workers around the globe, TeliaSonera's deep industry expertise and broad reach in the Nordic and Baltic regions make them an ideal distribution and business partner for us."
Under the terms of this multi-year alliance, TeliaSonera will offer PGi's video, web and audio collaboration solutions to its customers, including: iMeet, PGi's next-generation, social video conferencing solution that enables up to 15 people to meet face-to-face online—anywhere, anytime, from their desktop, tablet or mobile device; and GlobalMeet Audio, PGi's enterprise-class audio conferencing solution.
"Across Europe, we're seeing a growing demand for cloud-based business collaboration solutions," said Marc Beattie, Managing Partner for Wainhouse Research. "Business customers in the Nordic and Baltic regions aggressively adopt new technologies and services, and we believe they will be eager for personal web-based collaboration tools like iMeet and GlobalMeet Audio. PGi's product suite is a good fit for the growing market opportunity, and TeliaSonera's strong telephony presence in the region makes this a solid partnership."
"We know that our customers need to be able to communicate easily, efficiently and in an environmentally friendly manner. We believe in being able to offer user-friendly cloud applications like iMeet. It will be a welcome addition to our already strong range of meeting and collaboration services, especially for small and medium-sized business customers who want to avoid investing in complex solutions," said Thomas Johansson, Head of B2B Product Management of TeliaSonera.
About Premiere Global Services, Inc. │ PGi
PGi has been a global leader in virtual meetings for over 20 years. PGi's cloud-based solutions deliver multi-point, real-time virtual collaboration using video, voice and file sharing technologies. PGi solutions are available via desktops, tablets or mobile devices, helping businesses worldwide be more productive, mobile and green. PGi has a global presence in 25 countries and an established base of over 40,000 enterprise customers, including 75% of the Fortune 100. In the last five years, PGi has hosted nearly one billion people from 137 countries in over 200 million meetings. For more information, visit PGi at www.pgi.com.
Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Premiere Global Services, Inc.'s forward-looking statements, including, but not limited to, the following factors: competitive pressures, including pricing pressures; technological changes and the development of alternatives to our services; market acceptance of our cloud-based, virtual meeting solutions, including our iMeet® and GlobalMeet® solutions; our ability to attract new customers and to retain and further penetrate our existing customers; our ability to establish and maintain strategic reseller relationships; risks associated with challenging global economic conditions; price increases from our telecommunications service providers; service interruptions and network downtime; technological obsolescence and our ability to upgrade our equipment or increase our network capacity; concerns regarding the security and privacy of our customer's confidential information; future write-downs of goodwill or other intangible assets; greater than anticipated tax and regulatory liabilities; restructuring and cost reduction initiatives and the market reaction thereto; our level of indebtedness; risks associated with acquisitions and divestitures; indemnification claims from the sale of our PGiSend business; our ability to protect our intellectual property rights, including possible adverse results of litigation or infringement claims; regulatory or legislative changes, including further government regulations applicable to traditional telecommunications service providers and data privacy; risks associated with international operations and market expansion, including fluctuations in foreign currency exchange rates; and other factors described from time to time in our press releases, reports and other filings with the Securities and Exchange Commission, including but not limited to the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2012. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.
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