BT has announced the completion of the acquisition of Wire One Holdings Inc. from The Gores Group.
Wire One is a provider of videoconferencing solutions in the United States and will form the core of BT Conferencing’s video business unit. BT Conferencing is one of the leading players in the UK and European conferencing market and has a strong presence in the United States and Asia Pacific. The acquisition extends BT Conferencing’s customer footprint and significantly enhances its video conferencing capabilities and service offerings.
Aaron McCormack, Chief Executive Officer of BT Conferencing, said: “The demand for video conferencing services is growing rapidly. With this acquisition, BT is now a worldwide leader in video solutions. Our customers will have access to world class video services from a single global provider over a global IP network over 170 countries.”
Jeff Prestel, formerly Senior Vice President Sales & Marketing at Wire One, has been appointed as the General Manager of the BT Conferencing Video Business Unit. “I am delighted to lead this new business unit for BT Conferencing. Our customer centric focus will continue to drive innovations and excellence in service delivery.”