Together, we are stronger…

          Tolga Sakman
          Acting CFO and SVP of Corporate Development
 

I am very excited to have announced our entry into a definitive agreement to acquire Affinity VideoNet. A good amount of people on both sides have worked on this transaction diligently over the past few months, and on behalf of Glowpoint, I would like to thank everyone who has spent countless hours in the process. We expect to close the acquisition within this quarter and I look forward to officially welcoming the employees of Affinity to the Glowpoint family when that time comes.

Affinity is comprised of a group of very talented and dedicated individuals who deliver an invaluable high-touch service to Affinity’s global customer base of professional services firms. I was very pleased to observe over the past few months that both Glowpoint and Affinity share a common culture of absolute dedication to our customers and betterment of their experiences.

Upon closing, executive search firms, law firms and others that benefit from Affinity’s video managed services will have access to an expanded array of services using our OpenVideo® cloud, such as automated call launching and reservationless, on-demand videoconferencing available from any device on any network, as well as our full suite of managed services including remote monitoring and management.

We are equally excited to add Pete Holst, the CEO of Affinity, to our management team at the time of closing. I had the pleasure of working closely with Pete over the past few months, and am thoroughly impressed with his knowledge of the industry and rapport with customers and employees. I look forward to working with him in the future.

The most exciting part of this transaction for me is the scale it brings to our operations and financials. Affinity brings along a list of impressive customers that have been loyal to Affinity due to high level of customer service.  The video conferencing suite rental business that Affinity is known for will add a new line of business to Glowpoint, and creates tremendous synergies with our partners in the public room rental business, utilizing our APIs for scheduling.

All in all, this is great news for both organizations and our respective customers globally. I am really excited, and look forward to the exciting future this transaction brings for us.

Onward and upward!