MOUNTAIN VIEW, Calif., Sept. 6, 2017 /PRNewswire/ -- Intermedia, a leading cloud business applications provider, today announced the acquisition of substantially all the assets of AnyMeeting, an Irvine, California-based web conferencing, video conferencing and webinar provider with more than one million registered users. The acquisition means that both SMBs and partners will benefit from an even more robust Unified Communications (UC) experience on top of the extremely popular Cloud Voice solution that Intermedia currently provides. Financial terms of the deal were not disclosed.
"The AnyMeeting acquisition provides SMBs with a suite of easy-to-use applications that will increase productivity through enhanced collaboration, and delivers an even greater breadth of opportunity for our partners," stated Michael Gold, CEO of Intermedia. "Our UCaaS offering will soon be our largest product line, and our AnyMeeting acquisition enables us to accelerate to the next phase as we offer an even broader portfolio of UC applications. AnyMeeting serves more than one million registered users with exceptional web conferencing, video conferencing, and webinar services. These applications will provide an integrated communication and collaboration experience for Intermedia's customers to enjoy and for partners to sell, delivering a highly reliable, flexible and scalable UC solution versus other products on the market today."
Intermedia's mission is to provide customers the freedom to focus on business, not IT. Intermedia delivers 30 essential, integrated cloud business applications, including email, voice, backup and file sharing, productivity, identity and access management, as well as security and archiving, all with a single point of control. All services come backed by levels of reliability, security and J.D. Power-certified support that assure a Worry-Free Experience™.
SMBs will have access to all the cloud products and features they've enjoyed from Intermedia, including business email and productivity applications, voice conferencing, Skype® for Business, and Office 365®, with a UC solution made even more attractive with the integrated web conferencing, video conferencing, and webinar technology developed by AnyMeeting.
"Since 2011, AnyMeeting has been developing low cost, highly reliable collaboration solutions tailored for SMBs," said Costin Tuculescu, CEO and Founder of AnyMeeting. "We are thrilled to be joining Intermedia with the joint mission of simplifying the way SMBs do business. Our team of experts brings deep experience in developing web, video and audio conferencing solutions -- and, like Intermedia, puts reliability of service above everything else. We believe this acquisition will help us scale exponentially, and we look forward to building the next generation of UC solutions together."
By continuing to build on top of its core technology platform to address customer and partner needs, Intermedia has more than tripled in size in just five years, driving annualized revenue beyond $200 million. In February of this year, Intermedia partnered with private equity sponsor, Madison Dearborn Partners (MDP), with a shared vision of scaling the business further through both organic growth and acquisitions. This is Intermedia's first acquisition since MDP became the financial sponsor.
Expanding the breadth of solutions and opportunities for partners
The applications that Intermedia is gaining from the acquisition provide its more than 6,500 active channel partners with the opportunity to expand both revenue and margin. They will soon be able to offer an even broader, more robust, partner-friendly set of integrated collaboration solutions that, like all Intermedia products, they can sell under their own brand.
Solution integration work is underway, with the first offering expected to be available by early next year. AnyMeeting's existing customers will benefit from additional investments, a broad product line, and the resources that Intermedia's 800+ employees bring to the table. AnyMeeting's current services will continue to be available with no interruption.
Launched in 2011, AnyMeeting offers full-featured and easy-to-use web conferencing, video conferencing, and webinar services that are built on the company's proprietary technology platform made for SMBs. AnyMeeting has more than one million registered users of its services, including its Meeting Pro and Webinar Pro subscription services. Customers can benefit from a full range of features including integrated web and video conferencing, screen sharing, presentation and video sharing, recording, and easy integration with over 400 applications. For more information, visit www.AnyMeeting.com.
Intermedia integrates the essential IT applications that companies need to do business, including email, voice, backup and file sharing, productivity, identity and access management, security and archiving – all delivered by a single provider and integrated into one control panel. Intermedia services offer enterprise-grade security, a 99.999 percent uptime service level agreement and J.D. Power-certified 24/7 support.
With more than $200 million in annualized revenue, Intermedia's 800+ employees serve more than 110,000 business customers and 6,500 active partners, including VARs, MSPs, distributors and telecoms. Its Partner Program lets partners sell under their own brand with control over billing, pricing and other elements of their customer relationships. Intermedia is the world's largest independent provider of Exchange email in the cloud and a leading cloud voice service provider. For more information, visit Intermedia.net or connect with us on Twitter, Facebook or LinkedIn.
LEWIS for Intermedia
Skype for Business and Office 365 are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries.
J.D. Power 2016 Certified Assisted Technical Program, developed in conjunction with TSIA. Based on successful completion of an audit and exceeding a customer satisfaction benchmark for assisted support operations. For more information, visit www.jdpower.com or www.tsia.com.