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February 08, 2016 12:34 PM ET

Internet Software and Services

Company Overview of Premiere Global Services, Inc.

Company Overview

Premiere Global Services, Inc. provides collaboration software and services in North America, Europe, and the Asia Pacific. Its collaboration platform enables business users and teams to connect and share ideas and manage projects with everywhere-access of the cloud technologies. The company’s solutions include iMeet, a Web, video, and audio conferencing solution that allow people to connect and collaborate online from computer, tablet, or smartphone; iMeetLive, a Webcasting and event streaming platform, which offers Webcasts for up to 10,000 attendees; iMeet Projects, a team workspace and project management platform for businesses to connect people and information in the cloud, enable teams...

The Terminus Building

Suite 1000

3280 Peachtree Road, NE

Atlanta, GA 30305

United States

Founded in 1991

2,250 Employees

Phone:

404-262-8400

Key Executives for Premiere Global Services, Inc.

Chief Executive Officer and President
Age: 59
Founder and Director
Age: 55
Chief Financial Officer, Principal Accounting Officer and Executive Vice President of Finance
Age: 54
Executive Vice President of Legal, General Counsel and Secretary
Executive Vice President of Sales & Marketing and Senior Vice President of Advanced Strategies
Compensation as of Fiscal Year 2015.

Premiere Global Services, Inc. Key Developments

Premiere Global Services, Inc. Announces Management Changes

Pursuant to the agreement and plan of merger, dated as of September 10, 2015, by and among Premiere Global Services, Inc. (“company”), Pangea Private Holdings II, LLC (“Parent”), and Pangea Merger Sub Inc. (“merger sub”), on December 8, 2015, merger sub was merged with and into the company, with the company surviving as a wholly owned subsidiary of parent. The members of the Premiere Global Services, Inc.'s Board of Directors resigned from the Board: Boland T. Jones, John R. Harris, John F. Cassidy, K. Robert Draughon, W. Steven Jones, Raymond H. Pirtle, Jr. and J. Walker Smith, Jr. These resignations were not a result of any disagreements between the company and the current directors on any matter relating to the company’s operations, policies or practices. In connection with merger, effective as of the effective time, Boland T. Jones resigned as the Chief Executive Officer of the company. Theodore P. Schrafft, the President of the company immediately prior to the effective time, has been appointed to assume the role of Chief Executive Officer of the company.

Premiere Global Services, Inc., Special/Extraordinary Shareholders Meeting, Dec 03, 2015

Premiere Global Services, Inc., Special/Extraordinary Shareholders Meeting, Dec 03, 2015.

Premiere Global Services, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Premiere Global Services, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net revenue of $140.967 million compared to $140.383 million a year ago. Operating income was $6.896 million compared to $3.657 million a year ago. Income from continuing operations before income taxes was of $2.905 million compared to $2.270 million a year ago. Net income from continuing operations was $3.458 million or $0.08 per diluted share compared to $2.646 million or $0.06 per diluted share a year ago. Net income was $3.339 million or $0.07 per diluted share compared to $2.546 million or $0.06 per diluted share a year ago. Non-GAAP revenue was $141.110 million compared to $140.383 million a year ago. Adjusted EBITDA was $26.435 million compared to $24.921 million a year ago. Non-GAAP net income from continuing operations was $10.482 million or $0.23 per diluted share compared to $9.664 million or $0.21 per diluted share a year ago. For nine months, the company reported net revenue of $427.593 million compared to $427.909 million a year ago. Operating income was $19.805 million compared to $24.876 million a year ago. Income from continuing operations before income taxes was of $10.727 million compared to $19.279 million a year ago. Net income from continuing operations was $9.725 million or $0.22 per diluted share compared to $14.049 million or $0.30 per diluted share a year ago. Net income was $9.272 million or $0.21 per diluted share compared to $13.766 million or $0.30 per diluted share a year ago. Net cash provided by operating activities was $41.046 million compared to $53.632 million a year ago. Capital expenditures were of $27.997 million compared to $26.562 million a year ago. Non-GAAP revenue was $428.484 million compared to $427.909 million a year ago. Adjusted EBITDA was $79.943 million compared to $77.233 million a year ago. Non-GAAP net income from continuing operations was $32.588 million or $0.72 per diluted share compared to $31.031 million or $0.67 per diluted share a year ago.

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