January 8, 2014

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Article

ClearOne to Acquire Spontania

Press Release

January 8, 2014

Salt Lake City – ClearOne has entered into an agreement to acquire Spontania from Spain-based Dialcom Networks, S.L. in an all-cash deal for approximately $5 million. Spontania is a software-based cloud collaboration solution that combines the benefits of video conferencing and web conferencing into a unique enterprise solution that can scale to tens of thousands of users.

The addition of Spontania makes ClearOne the only company offering an entirely software-based video conferencing product line that provides on-premise and cloud-based software-as-a-service (SaaS) and platform-as-a-service (PaaS) solutions.

"This acquisition will position ClearOne to address a broad range of needs in the rapidly growing desktop and mobile video communications markets," said Zee Hakimoglu, chairman and CEO of ClearOne. "ClearOne can now offer its partners and end users a clear choice between public cloud, private cloud and on-premise solutions for video collaboration along with our industry-leading voice solutions."

ClearOne will fund the acquisition of substantially all the assets of Spontania business with available cash and will not assume any debt or cash. The acquisition is expected to be accretive immediately and should close by the end of the first quarter of 2014, subject to customary closing conditions, including applicable regulatory approvals.

Spontania enables real-time video and voice conferencing, presence and instant messaging, as well as advanced collaboration services, including the ability to share interactive whiteboard, media files and presentations. Designed to be flexible, Spontania is interoperable with other standards-based conferencing and communication platforms and runs on multiple platforms and devices including Android and iOS for smartphones and tablets, and on PC platforms such as Windows, Linux and Mac.

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