West Corporation

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West Corporation
Public
Traded as NASDAQWSTC
Industry

Unified Communications Interactive Services Specialized Agent Services Telecom Services

Safety Services
Headquarters Omaha, Nebraska, US
Key people
Gary and Mary West - co-founders
Tom Barker - Chief Executive Officer
Nancee Berger - President and Chief Operating Officer[1]
Revenue Increase $2.6 billion USD (2012[2]
Number of employees
26,430 (2013) [3]
Website west.com

West Corporation is a publicly traded telecommunications services provider based in Omaha, Nebraska.[4]

Affiliates[edit]

West Corporation operates under two segments: Communications Services and Unified Communications to provide customer contact services, conferencing services, event services and emergency call operations.[5][6] 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.[7][8] West also holds an office at the Wisconsin Trade Center in Middleton, Wisconsin.

History[edit]

Gary and Mary West co-founded WATS Marketing of America in 1978.[9] The couple left the company in 1985 and Mary West founded West Teleservices with Troy Eaden in 1986.[9] Gary West joined West Teleservices one year later as chairman.[9]

During the first decade, West Teleservices hired thousands of employees and reached over $100 million in net proceeds.[9] West Teleservices expanded their products through a series of acquisitions, including Tel Mark Sales Inc., Intercall, Televox, and HyperCube.[9]

In November 1996, West went public with 2,000 employees.[9]

In 2002, West acquired Tel Mark Sales, Dakotah Direct, and Attention, LLC.[9] The following year, West acquired conferencing company InterCall and ConferenceCall.com.[9][10]

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.[9] Gary and Mary West continued to maintain 25 percent of the company.[9]

In January 2015, West announced the sale of its agent services businesses to Alorica. The sale closed in early March 2015.[11]

Name history[edit]

West Teleservices changed its name to West Corporation on Jan. 1, 2001.[12] The company name had been West TeleServices Corporation from November 1996 through 2000.[9][12]

Acquisitions[edit]

Since 2002, West Corporation has invested approximately $2.7 billion in strategic acquisitions.[9]

West has acquired:

  • Tel Mark Sales —2002[9]
  • Dakotah Direct —2002[9]
  • Attention LLC —2002[9]
  • InterCall —2003[9]
  • ConferenceCall.com — October 2003 [10]
  • Worldwide Asset Management — September 2004[13]
  • ECI Conference Call Services — November 2004[4]
  • Sprint Conferencing — May 2005[14]
  • Intrado — April 2006[15]
  • Raindance Communications — April 2006[16]
  • CenterPost Communications — February 2007[17]
  • TeleVox Software — March 2007[18]
  • Omnium Worldwide — April 2007[19]
  • HBF Communications — April 2008[20]
  • Genesys Conferencing — May 2008[21]
  • Stream 57 - January 2010[22]
  • SKT Business Communications Solutions - March 2010
  • Holly Connects — May 2010[23]
  • Specialty Pharmacy Network – February 2011[24]
  • Twenty First Century Communications - February 2011
  • PostCTI - February 2011
  • Unisfair - March 2011
  • Smoothstone IP Communications - April 2011
  • HyperCube – November 2011[25]
  • SchoolMessenger - April 2014[26]

Awards[edit]

  • April 2013 National College and West Corporation & Business Solutions Distinguished Community Employer[27]

References[edit]

  1. ^ http://www.west.com/about-us/executive-team/.  Missing or empty |title= (help)
  2. ^ "WSTC Key Statistics". Yahoo! Finance. Retrieved 11 July 2013. 
  3. ^ "WSTC Profile". Yahoo! Finance. Retrieved 11 July 2013. 
  4. ^ a b "COMPANY NEWS; WEST TO BUY ECI CONFERENCE CALL SERVICES". The New York Times. Retrieved 11 July 2013. 
  5. ^ "WSTC Profile". Yahoo! Finance. Retrieved 11 July 2013. 
  6. ^ "International Customer Care Facilities". West Corporation. Retrieved 11 July 2013. 
  7. ^ "InterCall Acquires Unisfair". Elearning. Retrieved 11 July 2013. 
  8. ^ "Company Overview of TeleVox Software, Inc.". Businessweek. Retrieved 11 July 2013. 
  9. ^ 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. 
  10. ^ a b "West Buys ConferenceCall.com for $38.5 Million". Direct Marketing News. Retrieved 11 July 2013. 
  11. ^ "Alorica Completes Acquisition of West Corporation's Agent Services Businesses, Including ARM". Retrieved 20 August 2016. 
  12. ^ a b "WEST CORP. /Omaha, Nebraska Firm With Low Profile Enjoying High Growth". Investors.com. Retrieved 11 July 2013. 
  13. ^ "West Corp. to Buy Worldwide Asset.". HighBeam Research. Retrieved 11 July 2013. 
  14. ^ "COMPANY NEWS; WEST WILL PAY $207 MILLION FOR SPRINT'S CONFERENCING UNIT". The New York Times. Retrieved 11 July 2013. 
  15. ^ "West completes Intrado acquisition". Denver Business Journal. Retrieved 11 July 2013. 
  16. ^ "West Corporation Completes Raindance Acquisition and Updates 2006 Guidance". TMCnet.com. Retrieved 11 July 2013. 
  17. ^ "West Corporation to Acquire TeleVox Software and CenterPost Communications". TMCnet.com. Retrieved 11 July 2013. 
  18. ^ "West Completes Acquisition of TeleVox". TMCnet.com. Retrieved 11 July 2013. 
  19. ^ "In Brief: Neb. Outsourcer West Sets Buyout.(West Corp.)(Omnium Worldwide Inc.)(Brief article)". HighBeam Research. Retrieved 11 July 2013. 
  20. ^ "Company Overview of HBF Group, Inc.". Businessweek. Retrieved 11 July 2013. 
  21. ^ "West Buys Genesys Conferencing". TMCnet.com. Retrieved 11 July 2013. 
  22. ^ "InterCall Asserts Vision for Virtual Events with Acquisition of Stream57". Intercall. Retrieved 3 October 2014. 
  23. ^ "West Corp. Buys Holly Connects". Mergers & Acquisitions. Retrieved 11 July 2013. 
  24. ^ "West Corporation to Acquire Smoothstone IP Communications". 
  25. ^ "West Corp. acquires HyperCube". Longmont Times-Call. Retrieved 11 July 2013. 
  26. ^ "SchoolMessenger Acquired by West Corporation". edSurge. Retrieved 14 April 2014. 
  27. ^ "West Corporation Awarded for Support of National College ISE Program". National College. Retrieved 11 July 2013. 

External links[edit]