Monday, October 10, 2005

GlowPoint Hires Rothschild to Explore Possible Sale

Glowpoint, an IP-based video communications service provider, has engaged Rothschild as its financial advisor to explore strategic alternatives for the company, including investment opportunities, as well as a possible merger or sale of all or part of its business.

GlowPoint, which is based in New Jersey, offers video conferencing, bridging and IP broadcasting services to enterprises, SOHOs, broadcasters and consumers worldwide. The company said its network has carried over 23 million IP video minutes, with an average of more than 20,000 video calls per month worldwide.

GlowPoint has a strategic partnership with Sony Electronics for Sony to license and private label the company's "Instant Video Everywhere" or IVE solution under the brand Sony IVE powered by GlowPoint. IVE is currently being used as Sony's video service offering for its IPELA(R) line of IP-based videoconferencing and broadcast hardware products.

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