Raindance Buys InterAct Conferencing

Share this content:
In a consolidation of the Web and audio conferencing business, Raindance Communications Inc. has agreed to buy the assets of InterAct Conferencing LLC for $3.8 million in cash and $6.2 million in stock.

InterAct, Atlanta, is a reseller of Raindance's Web and audio services to more than 400 companies nationwide. The purchase will allow Louisville, CO-based Raindance to upgrade its technology and level of customer support, and boost its sales force by almost a third.

Once the acquisition closes by end of May, InterAct founder CEO Carolyn Bradfield will join Raindance as senior vice president of sales and marketing. She will report to Raindance president/CEO Paul Berberian.

A consequence of this acquisition will be the loss of Jack Blount as Raindance's chief operating officer. Blount has resigned to "pursue other opportunities."

This is a 40 Under 40 Profile. Click here to see all profiles as well as previous year's winners.

Loading links....

Next Article in Digital Marketing

Latest Jobs:

Featured Listings