OMAHA, Neb., May 13, 2010 - West Corporation, a leading provider of technology-driven, voice-oriented solutions, today announced that it has entered into an agreement to acquire Holly Connects, a premier provider of carrier-grade voice platforms.
Holly Connects is headquartered in Boston with offices in London and Sydney, where the company was founded in 2000. Growing and profitable, the company pioneered the use of SIP signaling, VoIP telephony, speech recognition technology and the VoiceXML standard in platform infrastructure for caller self-service. Today's Holly Voice Platform uniquely provides the high capacity, solid reliability and extensive multitenancy required by the most complex installations. Holly products are deployed by hosting providers, telecommunications carriers and large enterprises worldwide, including West Interactive.
"Working with Holly Connects for several years, we have been extremely impressed by the performance of their products and dedication of their staff," said Pam Mortenson, President of West Interactive. "We view this acquisition as a superb opportunity to complement our current product and services portfolio, allowing West to address a broader market."
Holly will become part of West's Communications Services segment and will continue to sell its products and services to hosting providers, telecommunications and enterprise clients. West expects closing to occur in the second quarter of 2010 and does not expect results from Holly to have a material impact to its 2010 financial results.
"Many of our hosting clients and prospects have expressed an interest in having West Interactive manage additional, on-premise call traffic and applications to complement our hosting offering," said Steve Stangl, President of West's Communications Services operating segment. "Offering them the same Holly Voice Platform software used in our hosted services permits a seamless blending of operations and a natural extension of our professional services."
"Holly Connects values customer service as the essential element in our corporate culture," said Lance Berks, CEO of Holly Connects. "We are pleased to be joining an organization that shares our commitment to client and staff satisfaction, and that can provide the resources needed to accelerate our strategy for growth in North America."
About West Corporation
West Corporation is a leading provider of technology-driven, voice-oriented solutions. West offers its clients a broad range of communications and infrastructure management solutions that help them manage or support critical communications. West's customer contact solutions and conferencing services are designed to improve its clients' cost structure and provide reliable, high-quality services. West also provides mission-critical services, such as public safety and emergency communications. Founded in 1986 and headquartered in Omaha, Nebraska, West serves Fortune 1000 companies and other clients in a variety of industries, including telecommunications, banking, retail, financial, technology and healthcare. West has sales and operations in the United States, Canada, Europe, the Middle East, Asia Pacific and Latin America. For more information on West Corporation, please call 1-800-841-9000 or visit www.west.com.
About Holly Connects
Holly Connects is the fresh voice in voice platforms, delivering software for powerful yet cost-effective call handling to telecommunications carriers, hosted service providers, and large enterprises worldwide. Holly's award-winning products provide a reliable foundation for delivering exceptional customer service by telephone. For more information please visit www.holly-connects.com.
This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "intends," "continue" or similar terminology. These statements reflect only West's current expectations and are not guarantees of future performance or results. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include, but are not limited to, the effects of global economic trends on the businesses of West's clients; competition in West's highly competitive industries; West's ability to keep pace with its clients' needs for rapid technological change and systems availability; the loss, financial difficulties or bankruptcy of any key clients; the non-exclusive nature of West's client contracts and the absence of revenue commitments; increases in the cost of voice and data services or significant interruptions in these services; the cost of pending and future litigation; extensive regulation affecting many of West's businesses; security and privacy breaches of the systems West uses to protect personal data; West's ability to protect its proprietary information or technology; the cost of defending West against intellectual property infringement claims; service interruptions to West's data and operation centers; West's ability to retain key personnel and attract a sufficient number of qualified employees; increases in labor costs and turnover rates; the political, economic and other conditions in the countries where West operates; and West's ability to complete future acquisitions and integrate or achieve the objectives of its recent and future acquisitions. West is also subject to other risk factors described in documents filed by the company with the United States Securities and Exchange Commission.
These forward-looking statements speak only as of the date on which the statements were made. West undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
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