West Corporation Acquires GroupCast / SchoolReach
February 19, 2015
West Corporation (NASDAQ:WSTC) acquired assets from GroupCast, LLC, including the GroupCast and SchoolReach businesses, for approximately $13.5 million in cash. The SchoolReach business will be combined with West's SchoolMessenger offering as part of its Unified Communication segment; the sale was driven in part by a founding partner's planned retirement.
- Buyers
- West Corporation
- Targets
- GroupCast, LLC, SchoolReach
- Sellers
- GroupCast, LLC (owners/founding partners)
- Industry
- Education
- Location
- Missouri, United States
- Transaction Type
- Buyout
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