Onstream Media Acquires Certain Assets, Operations of Intella2, Inc.
Onstream Media Corporation, an online service provider of live and on-demand corporate audio and Web communications, virtual event technology and social media marketing, recently announced the acquisition of certain assets and operations of Intella2 Inc., a San Diego-based communications firm.
Onstream acquired services like audio conferencing, Web conferencing, text messaging and voicemail. Onstream Conferencing Corporation, a wholly-owned subsidiary of Onstream Media, assumed the assets and operations of Intella2.
The development has helped Onstream further build its customer base, as well as software licenses, equipment, network infrastructure, and a recurring revenue stream.
Intella2, Inc. is a communications company specializing in audio and Web conferencing. The company has been providing top-quality telecommunication services to the public since 1994.
Intella2 is also the umbrella entity of smaller telecommunication companies that have been bought out by Intella2 over the years, and include Brainwave Communications, Black & White Communications, My Voicemail Network, SD Telecommunications, intellaText, IntellaTalk, WebExpress, America’s Operator Services, and more.
"Based on Intella2's low operating costs and high gross margins, we expect that the added revenue from the acquired operations will translate into improved operating results for Onstream in fiscal 2013 and beyond," said Randy Selman, president and CEO at Onstream Media.
Paul Cohen, president and CEO at Intella2, said, "Over the last decade, we have built a solid customer list, providing small and medium-sized enterprises with a range of high-quality telecom and internet-based communications.We believe that we are providing Onstream with a suite of services that can now be profitably cross-marketed with the Onstream and Infinite offerings."
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Edited by Braden Becker