Streamlogics Announces Merger with TappedInto
Toronto, Canada - December 1, 2003 -
Streamlogics Corporation, a leading provider of webcasting solutions, today announced that the company will merge with Tappedinto.com, a leading provider of multimedia communications services. The merger positions the combined entity as Canada's largest provider of webcasting services, while further broadening the company's footprint in the US market.
The new company will serve hundreds of customers in Canada, the United States and Europe, along with over 200 indirect sales representatives through Streamlogics' highly successful PartnerPlus channels sales program.
Shaun McIver will serve as the President and CEO of the merged company. The new company's head office will reside in Toronto, Ontario, supporting additional sales offices in Regina, Montreal, Chicago, and Nashville. The Regina branch office will also be pivotal in providing ongoing research and development, network operations, and technical support services for the merged company.
"The combination of Streamlogics and Tappedinto.com creates a powerful force in the webcasting industry," said Shaun McIver, President and CEO of Streamlogics Corp. "The complementary nature of this transaction will significantly enhance our sales, product development, customer support, and network infrastructure capabilities."
"This merger leverages the strengths of two very reputable companies," said Dan Baldwin, SaskTel Senior Vice-President, Business Development and Streamlogics Board of Director Member. "And maintaining the Regina branch office as the technical headquarters is also expected to create new high-tech jobs in Saskatchewan to support the company's projected growth plans."
Post transaction, Sasktel will maintain an approximate 38% in the merged entity, while Streamlogics' management team will hold a majority equity position.
About Streamlogics
Streamlogics enables organizations to improve communications with their target audience in a cost-effective and reliable manner via the Internet and private intranets. The company's integrated service offerings include webcasting, webconferencing, and media hosting. Since inception in 1999, Streamlogics has delivered thousands of online presentations for leading corporations, associations, and government organizations. Streamlogics is based in Toronto, Ontario. For more information about Streamlogics, visit the company's website at www.streamlogics.com.
About TappedInto
TappedInto.com is media leading provider of multimedia communications services, with a technical operation centre in Regina. It provides webcasting and streaming services to companies in Saskatchewan, North America, and Europe for live and archived multimedia content, targeting small and medium sized business customers.
For more information, contact:
Shaun McIver Streamlogics Phone: (416) 642-6532
Michelle Englot SaskTel Corporate Affairs Phone: (306) 777-4476 E-mail: michelle.englot@sasktel.sk.ca