Owners hope sale of MeetingZone conference call group will raise £50m
Sunday 06 June 2010
The owners of MeetingZone, the Oxfordshire-based conference call group, have put the business up for sale and hope to raise £50m.
KPMG, the big four accountant, is running the sales process. MeetingZone is 33 per cent owned by buyout group Nova Capital and 40 per cent by founders Tim Duffy and Steve Gandy.
The firm provides web, audio and video conferencing for companies, and clients include the DVD rental business LoveFilm, FTSE-100 giant Tullow Oil and retailer Clinton Cards.
Founded just eight years ago, MeetingZone also has offices in the US, Germany and Canada.
In 2009 the company had sales of £8.2m, up from £2.7m three years earlier. MeetingZone claims to have benefited from the downturn, as people travel less frequently and need better communications software.
Nova first invested in the business in June 2006, aiming to help Duffy and Gandy crack the $3bn conferencing supply market.
- 4 #JeSuisEd: People share photos of themselves eating awkwardly in solidarity with Labour leader
- 5 Women think Irish men are the sexiest, survey finds
Italian police 'reveal' what Jesus looked like as a young boy
Mysterious 'X-Files' sounds heard miles above the Earth
Florida couple forced to register as sex offenders for having sex on public beach
Who should I vote for in the general election? Take The Independent's interactive quiz to find out which party is the right choice for you
General election: Conservatives mocked online over Boris Johnson's claim of SNP 'jockalypse'
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
General Election 2015: Sturgeon claims Scots 'appalled' by Ed Miliband's refusal to work with SNP
iJobs Money & Business
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£27 - 35k + Bonus + Benefits: Guru Careers: A Management Accountant is needed ...
£40-50k + Benefits.: Guru Careers: A Project Manager / Business Analyst is nee...