Providea has announced the acquisition of Boston-based Videré Conferencing. The acquisition nearly doubles the size and resources of the combined videoconferencing company, which will operate under the name of Providea Conferencing, LLC.
Providea Conferencing's CEO, Tom Bailey, says, "Providea and Videré may have originated on opposite coasts, but we share a similar philosophy toward customer service and our outlook on the significant opportunities in this industry. The combination of our two companies strengthens our nationwide capabilities as well as reinforces our customer support."
WestView Capital Partners has completed a recapitalization and growth equity investment in Providea. WestView's continued financial involvement will help Providea Conferencing expand its market position through organic initiatives and additional acquisitions.