OpenExchange Inc. has purchased Veracast Communications, Inc., a deliverer of webcast and live streaming solutions to the financial services, biotech and legal solutions industries. This new addition to OpenExchange combined with its existing solutions will produce a wide product offering.
OpenExchange intends on managing over 50,000 virtual meetings and live events each quarter around the globe.
“Veracast’s reputation for ensuring all aspects of virtual events go perfectly has created a devoted clientele,”said Mark Loehr, CEO of OpenExchange. “Additionally, their customized feature set matches the needs of sophisticated financial institutions.”
“With Open Exchange’s extensive network of professional video specialists to support interactive one-on-one meetings, live streaming and video showcase offerings coupled with Veracast’s proven webcast production expertise, our clients will have access to best-in-class meeting solutions to support the entire lifecycle of their corporate capital raising efforts.” added Thomas Yong, founder of Veracast.