Providea Inc. has announced its acquisition of Boston-based Videré Conferencing Inc.. The acquisition nearly doubles the size and resources of the combined video conferencing company, which will operate under the name of Providea Conferencing LLC.
Providea is a nationwide provider of video conferencing solutions comprised of hardware, managed services, network and multipoint conferencing. Videré offers a full suite of video conferencing, audiovisual and networking solutions, including dealings in HD video conferencing environments and custom integration.
Providea said the acquisition of Videré is highly complementary geographically, bringing the combined company to 13 locations across the United States.
Management of Videré will continue to retain a significant ownership stake in the company.
“Providea and Videré may have originated on opposite coasts, but we share a similar philosophy toward customer service and our outlook on the significant opportunities in this industry,” said Providea Conferencing’s CEO, Tom Bailey. “The combination of our two companies strengthens our nationwide capabilities as well as reinforces our customer support.”