From the Wires
Intermedia to Present at the Stifel Nicolaus 2013 Technology Conference
By: Marketwired .
Feb. 1, 2013 09:47 AM
MOUNTAIN VIEW, CA -- (Marketwire) -- 02/01/13 -- Intermedia, a global leader in cloud services, and the world's largest third-party Microsoft Exchange hosting provider, announced today that Scott Allen, CFO, will present at the Stifel Nicolaus 2013 Technology Conference at the Ritz Carlton Hotel in San Francisco on February 6, 2013 at 3:50 PM PST. Mr. Allen will provide an overview of Intermedia as well as discuss the company's recently announced acquisition of Telanetix (OTCQB: TNIX) (or "Telanetix" d/b/a AccessLine). The event provides institutional investors with access to senior management and industry experts, features emerging growth industries and evaluates trends impacting the technology sector.
On January 22, 2013, Intermedia and Telanetix announced a definitive agreement under which Intermedia will acquire Telanetix for approximately $55 million, which includes the assumption of approximately $13 million in net debt and certain liabilities. The transaction enhances Intermedia's suite of integrated cloud services managed with its proprietary HostPilot® Control Panel, and brings scale to the voice operations of the combined company.
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