West Corporation Article

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West Corporation
Private [1]
IndustryUnified Communications

Interactive Services Specialized Agent Services Telecom Services

Safety Services
Headquarters Omaha, Nebraska, US
Key people
Gary and Mary West - co-founders
John Shlonsky - Chief Executive Officer
Rob Wechsler - President [2]
RevenueIncrease $2.6 billion USD (2012 [3]
Number of employees
9,659 (2018) [4]
Website west.com

West Corporation is a private telecommunications services provider based in Omaha, Nebraska. It became a subsidiary of Apollo Global Management on October 11, 2017. [1] [5]

Affiliates

West Corporation operates under two segments: Communications Services and Unified Communications to provide customer contact services, conferencing services, event services and emergency call operations. [6] [7] Intrado supports emergency call operations, Intercall is the world’s largest conferencing service provider,[ citation needed] and Televox offers healthcare products and communications support in commercial markets. [8] [9] West also holds an office at the Wisconsin Trade Center in Middleton, Wisconsin.

History

Gary and Mary West co-founded WATS Marketing of America in 1978. [10] The couple left the company in 1985 and Mary West founded West Teleservices with Troy Eaden in 1986. [10] Gary West joined West Teleservices one year later as chairman. [10]

During the first decade, West Teleservices hired thousands of employees and reached over $100 million in net proceeds. [10] West Teleservices expanded their products through a series of acquisitions, including Tel Mark Sales Inc., Intercall, Televox, and HyperCube. [10]

In November 1996, West went public with 2,000 employees. [10]

In 2002, West acquired Tel Mark Sales, Dakotah Direct, and Attention, LLC. [10] The following year, West acquired conferencing company InterCall and ConferenceCall.com. [10] [11]

In 2006, West which had been publicly traded since 1996, recapitalized under the sponsorship of investor groups led by Thomas H. Lee Partners and Quadrangle Group. [10] Gary and Mary West continued to maintain 25 percent of the company. [10]

In January 2015, West announced the sale of its agent services businesses to Alorica. The sale closed in early March 2015. [12]

In October 2017, West was purchased by Apollo Global Management, a New York-based private equity firm, for $5.2 billion. [1]

On August 31, 2018 West Corporation laid off 148 employees between their Middleton, WI and Green Bay, WI location, according to a news release from the Wisconsin Department of Workforce Development. The company sent a letter to the DWD saying that the mass layoff was a result of the cancellation of a contract from a "major client." The Middleton branch will be laying off 112 employees and the Green Bay branch will be laying off 36 employees.

Name history

West Teleservices changed its name to West Corporation on Jan. 1, 2001. [13] The company name had been West TeleServices Corporation from November 1996 through 2000. [10] [13]

Acquisitions

Since 2002, West Corporation has invested approximately $2.7 billion in strategic acquisitions. [10]

West has acquired:

  • Tel Mark Sales —2002 [10]
  • Dakotah Direct —2002 [10]
  • Attention LLC —2002 [10]
  • InterCall —2003 [10]
  • ConferenceCall.com — October 2003 [11]
  • Worldwide Asset Management — September 2004 [14]
  • ECI Conference Call Services — November 2004 [5]
  • Sprint Conferencing — May 2005 [15]
  • Intrado — April 2006 [16]
  • Raindance Communications — April 2006 [17]
  • CenterPost Communications — February 2007 [18]
  • TeleVox Software — March 2007 [19]
  • Omnium Worldwide — April 2007 [20]
  • HBF Communications — April 2008 [21]
  • Genesys Conferencing — May 2008 [22]
  • Stream 57 - January 2010 [23]
  • SKT Business Communications Solutions - March 2010
  • Holly Connects — May 2010 [24]
  • TuVox - July 2010
  • Specialty Pharmacy Network – February 2011 [25]
  • Twenty First Century Communications - February 2011
  • PostCTI - February 2011
  • Unisfair - March 2011
  • Smoothstone IP Communications - April 2011
  • HyperCube – November 2011 [26]
  • SchoolMessenger - April 2014 [27]
  • ClientTell, Inc. - November 2015 [28]
  • Callpointe.com Inc - May 2017 [29]
  • ECaTS - November 2017 [30]
  • Flowroute - June 2018 [31]

Awards

  • April 2013 National College and West Corporation & Business Solutions Distinguished Community Employer [32]

References

  1. ^ a b c http://www.omaha.com/money/west-corp-ceo-retires-omaha-company-was-sold-to-new/article_f5e03368-c33b-11e7-92e1-df180e8ee94b.html
  2. ^ http://www.west.com/about-us/executive-team/. Missing or empty |title= ( help)
  3. ^ "WSTC Key Statistics". Yahoo! Finance. Retrieved 11 July 2013.
  4. ^ "WSTC Profile". Yahoo! Finance. Retrieved 11 July 2013.
  5. ^ a b "COMPANY NEWS; WEST TO BUY ECI CONFERENCE CALL SERVICES". The New York Times. Retrieved 11 July 2013.
  6. ^ "WSTC Profile". Yahoo! Finance. Retrieved 11 July 2013.
  7. ^ "International Customer Care Facilities". West Corporation. Retrieved 11 July 2013.
  8. ^ "InterCall Acquires Unisfair". Elearning. Retrieved 11 July 2013.
  9. ^ "Company Overview of TeleVox Software, Inc". Businessweek. Retrieved 11 July 2013.
  10. ^ a b c d e f g h i j k l m n o p "West Corp.'s public offering puts a face on behind-the-scenes operations". Omaha.com. Retrieved 11 July 2013.
  11. ^ a b "West Buys ConferenceCall.com for $38.5 Million". Direct Marketing News. Retrieved 11 July 2013.
  12. ^ "Alorica Completes Acquisition of West Corporation's Agent Services Businesses, Including ARM". Retrieved 20 August 2016.
  13. ^ a b "WEST CORP. /Omaha, Nebraska Firm With Low Profile Enjoying High Growth". Investors.com. Retrieved 11 July 2013.
  14. ^ "West Corp. to Buy Worldwide Asset". HighBeam Research. Retrieved 11 July 2013.
  15. ^ "COMPANY NEWS; WEST WILL PAY $207 MILLION FOR SPRINT'S CONFERENCING UNIT". The New York Times. Retrieved 11 July 2013.
  16. ^ "West completes Intrado acquisition". Denver Business Journal. Retrieved 11 July 2013.
  17. ^ "West Corporation Completes Raindance Acquisition and Updates 2006 Guidance". TMCnet.com. Retrieved 11 July 2013.
  18. ^ "West Corporation to Acquire TeleVox Software and CenterPost Communications". TMCnet.com. Retrieved 11 July 2013.
  19. ^ "West Completes Acquisition of TeleVox". TMCnet.com. Retrieved 11 July 2013.
  20. ^ "In Brief: Neb. Outsourcer West Sets Buyout.(West Corp.)(Omnium Worldwide Inc.)(Brief article)". HighBeam Research. Retrieved 11 July 2013.
  21. ^ "Company Overview of HBF Group, Inc". Businessweek. Retrieved 11 July 2013.
  22. ^ "West Buys Genesys Conferencing". TMCnet.com. Retrieved 11 July 2013.
  23. ^ "InterCall Asserts Vision for Virtual Events with Acquisition of Stream57". Intercall. Retrieved 3 October 2014.
  24. ^ "West Corp. Buys Holly Connects". Mergers & Acquisitions. Retrieved 11 July 2013.
  25. ^ "West Corporation to Acquire Smoothstone IP Communications".
  26. ^ "West Corp. acquires HyperCube". Longmont Times-Call. Retrieved 11 July 2013.
  27. ^ "SchoolMessenger Acquired by West Corporation". edSurge. Retrieved 14 April 2014.
  28. ^ "West Corporation Acquires ClientTell".
  29. ^ "Callpointe is now part of West". Callpointe. Retrieved 11 April 2018.
  30. ^ "West Corporation Acquires ECaTS". CNBC. Retrieved 1 March 2018.
  31. ^ "West Corporation to Acquire Flowroute". GlobalNewsWire. Retrieved 29 June 2018.
  32. ^ "West Corporation Awarded for Support of National College ISE Program". National College. Retrieved 11 July 2013.

External links