23 Apr 2014
ICON advise Madrid-based Dialcom Networks, S.L on the sale of Spontania, their software-based cloud video collaboration solution, to Salt Lake City’s ClearOne Inc.
Spontania complements ClearOne's existing premise-based, enterprise video collaboration portfolio and makes ClearOne the only company offering an entirely software-based video conferencing product line from the personal client to the conference room, with a complete set of virtualized infrastructure. The complete ClearOne video portfolio now can serve a full range of video collaboration needs for Enterprise, SMB, Healthcare, Education, and other customers, whether they are seeking those solutions deployed in their private data centers or in the ClearOne Spontania cloud.
"We are now positioned to execute on our strategy by offering a complete and competitive suite of video collaboration products that appeals to varied customer needs and uniquely leads the way for our partners to take advantage of cloud offerings and capture down-stream revenue opportunities" said Zee Hakimoglu, Chairman and CEO of ClearOne.
“Spontania’s acquisition by ClearOne will benefit and provide new opportunities for our partners, customers and other stakeholders” said Enrique Dominguez, President and CEO of Dialcom Networks.
Baruk Pilo, SVP M&A at ICON Corporate Finance, who led the deal added: "In an Industry transitioning from ‘in-premise’ to Video as a Service, Spontania will be instrumental to ClearOne’s future successes with a great team built by Dialcom founders Enrique Dominguez and Marcelo Martinez”.