CCBN snaps up its rival webcast firm

SAN FRANCISCO: Investor relations website and conference-call

provider CCBN has announced plans for a direct buyout of competitor, a San Francisco-based company that provides webcasting and

operates StreetFusion, a global online events network.

The combined entity forecasts it will complete over 3,500 webcasts this

quarter. CCBN expects the transaction to close in early October.

Rob Adler, president of CCBN, said both his company and StreetFusion

have 40 people in San Francisco, and that he expects to make a decision

this week as to whether or not the two offices will physically merge.

CCBN also has an office in London, and is headquartered in Boston.

"I think this is a wonderful time for a company with our growth

potential and basic strength to be looking for opportunities to offer

better products and services to our clients," said Adler. "We're always

looking to improve.

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