First Quarter 2008 Results
Premiere Global Services, Inc. (NYSE: PGI), a global provider of on-demand business process improvement solutions, released results for the first quarter ended March 31, 2008 after the market closed on Thursday, April 17, 2008.
Additional information regarding this event.
About Premiere Global Services
Premiere Global Services, Inc. is a global provider of applied communication technologies that help businesses automate and improve their business processes.
Our Premiere Global Communications Operating System (PGiCOS) delivers multiple industry- and function-specific business applications. We offer these applications in an on-demand model, freeing our customers from the burden of up-front expenses associated with purchasing or installing hardware and software.
Premiere Global applications are hosted on our enterprise-class platforms, which are comprised of server and network operations centers located worldwide. These platforms contain significant proprietary software along with a variety of leading communication technologies, including web and audio conferencing, email, short message services (SMS), IP fax, automated speech, mobile and other technologies.
We offer easy access to PGiCOS through our website. This enables customers to use our applications directly from their desktop or mobile device. We also offer open standards access to these applications via our application programming interface (API) suite, allowing our customers and technology partners to integrate PGiCOS capabilities directly into their enterprise systems and existing business processes.
For sales and marketing purposes, our applied communication technologies are grouped into five solution sets: Conferencing & Collaboration, Desktop Document Solutions, Enterprise Document Solutions, Notifications & Reminders and eMarketing.
Headquartered in Atlanta, Georgia, and with presence in 23 countries worldwide, Premiere Global Services has an established customer base of greater than 50,000 companies, including 95% of the Fortune 500.
Our Market
From innovation and development, to the acquisition, up-sale and ongoing care of customers, to billing and collections, every company around the world conducts a vast number of business processes every day. Our goal is to provide a broad suite of applied communication technologies to address these daily business processes from a single on-demand platform.
Through the use of our PGiCOS applications, our enterprise customers improve less efficient business processes, automate manual or paper-based business processes, or create new and better ways of doing business. By automating and improving a wide array of critical, daily business processes, we believe our PGiCOS solutions and applications offer high customer value and deliver meaningful returns on investment.
Because the application of our communication technologies can improve every aspect of business, we believe that we have significant future growth opportunities. In fact, we engaged The JAAG Group, an advisory and consulting services firm, to conduct a survey to assess the current market opportunity for our solutions in January 2008. This market survey estimates our market opportunity to be nearly $10 billion in 2008, growing to nearly $17 billion in 2012, representing a projected compound annual growth rate in excess of 14%.
