View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 29, 1997updated 05 Sep 2016 12:38pm

SHAREHOLDERS OF VIDEOCONFERENCING TWINS VOTE FOR ONE COMPANY

By CBR Staff Writer

The proposed merger between the Videoconferencing twins, VTEL Corp and Compression Labs Inc announced in January (CI 3,074), has been given the thumbs up by both companies’ share holders. The new company will remain under the VTEL name, with Compression Labs’ stock holders receiving 8.4 million shares in the new company, giving them a 37% stake. The company’s head office will remain in Austin, Texas. VTEL now claims to be the second biggest supplier of videoconferencing systems with an installed base of 22,000 units and projected revenue of $200m per annum.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU