iotum Announces Acquisition of Freeconference.Com to Expand Its Web-based Audio Conferencing Services

iotum Announces Acquisition of Freeconference.Com to Expand Its Web-based 
Audio Conferencing Services 
TORONTO, May 15, 2013 /CNW/ - iotum, operator of the popular and versatile 
teleconferencing service for small business, today announced 
it is expanding with the acquisition of California-based Global Conference 
Partners, provider of and associated teleconferencing 
Jason Martin, president and CEO, said iotum is acquiring all of the assets of 
Global Conference Partners, a portfolio company of American Capital, Ltd. 
(NASDAQ: ACAS).  In addition to, the transaction includes, and several other international 
brands. Financial terms were not disclosed. 
The conferencing properties acquired from GCP will continue to be offered from 
Glendale, Calif.; no employees will lose their jobs as a result of the 
acquisition, said Martin.  Calliflower also will continue as a conferencing 
service, he said. 
"It's a natural fit," said Martin. "The Global Conference properties nicely 
complement Calliflower where we'll quickly realize economies of scale even 
though all conferencing services will continue under separate brands." 
About iotum 
iotum is a privately-held operator of online collaboration and conference 
calling services. iotum operates the popular Calliflower teleconference 
platform, which has introduced a number of teleconference innovations since 
its introduction in 2007, and services medium and small businesses and 
organizations. iotum was founded in 2006 by industry legend Alec Saunders, who 
joined BlackBerry as vice president of developer relations in 2011. Based in 
Toronto, Canada, iotum's customer base is worldwide. For further information, 
please visit 
About American Capital 
American Capital is a publicly traded private equity firm and global asset 
manager. American Capital, both directly and through its asset management 
business, originates, underwrites and manages investments in middle market 
private equity, leveraged finance, real estate and structured products. 
American Capital manages $21.2 billion of assets, including assets on its 
balance sheet and fee earning assets under management by affiliated managers, 
with $117 billion of total assets under management (including levered assets). 
Through an affiliate, American Capital manages publicly traded American 
Capital Agency Corp. (Nasdaq: AGNC) with approximately $13 billion market 
capitalization and American Capital Mortgage Investment Corp. (Nasdaq: MTGE) 
with approximately $1.5 billion market capitalization. From its eight offices 
in the U.S. and Europe, American Capital and its affiliate, European Capital, 
will consider investment opportunities from $10 million to $750 million. For 
further information, please refer to 
MEDIA CONTACT:  Jim Byrnes Comunicano, Inc.  1+ 610-333-1794 (office)  1+ 
610-248-5053 (mobile) 
SOURCE: iotum 
To view this news release in HTML formatting, please use the following URL: 
CO: iotum
ST: Ontario
-0- May/15/2013 14:40 GMT
Press spacebar to pause and continue. Press esc to stop.