ACCESS Newswire acquired VisualWebcaster Platform (from Onstream Media Corporation) for $2.788 million in cash, a transaction completed in January 2019, structured as all cash. The deal was a Asset purchase.
VisualWebcaster Platform (from Onstream Media Corporation) operates in Webcasting / events, is based in USA (Onstream Media Corporation). Issuer Direct acquired the VisualWebcaster Platform (VWP), a product suite from Onstream Media Corporation, for $2.788 million cash paid at closing. VWP is a cloud-based earnings webcast, webinar and training platform delivering live and on-demand streaming of events. Issuer Direct projected the deal would raise annual revenue about 15% and expand its webcast customer base by at least 50%, folding VWP into its Platform id. offering.
Strengthen the Platform id. event business and cross-sell VWP's Fortune 100 customer base onto Issuer Direct's consolidated platform.
Trusted by Fortune 100 customers; expands the webcast base by 50%+. Projected ~15% annual revenue increase and 50%+ webcast customer growth. Platform id.
We have known the team at Onstream for several years. The VWP product suite is industry leading and trusted by some of the biggest names in the Fortune 100 and beyond. We believe it will definitely increase the quality and scope of our event business,Brian Balbirnie, Chief Executive Officer, Issuer Direct
Advisory firms were not disclosed for this transaction.