Alston & Bird has advised Premiere Global Services, Inc. (PGi), the world’s largest dedicated provider of collaboration software and services, in its roughly $1 billion acquisition by private-equity firm Siris Capital Group LLC. With this acquisition, PGi will move from being a publicly traded company to a privately held organization.
PGi’s board of directors unanimously approved the agreement, which is seen by PGi as a way to strategically increase its lead in the competitive unified communications and collaboration market.
Founded in 1991, PGi provides communications software for video and web conferencing. The Atlanta-based company has around 50,000 customers and generated $567 million in revenue in 2014.
The transaction is subject to customary closing conditions, including regulatory and shareholder approval.
Advising PGi is an Alston & Bird team led by partner Dave Brown, with assistance from partners David E. Brown and Justin Howard, senior associates Julie Mediamolle and Rebecca Valentino and associate Valerie Delp (Corporate & Finance).