Business Services Industry
On the merge: acquiring a companyand being acquiredtaught this entrepreneur a lesson in leadership
Entrepreneur, Oct, 2005 by Sara Wilson
WHEN SCOTT D'Entremont, co-founder of conferencing services provider Netspoke, decided to acquire iMeet in 2002, he was confident it was the right choice, iMeet's web-conferencing products, management and structure fit perfectly with D'Entremont's company. Indeed, the merger has helped increase Netspoke's sales from $5.4 million in 2002 to a projected $14 million for 2005. Although success is sweet, D'Entremont, 38, candidly admits it hasn't been easy.
Even with conferencing tools at their disposal, fostering a feeling of unity among employees working from offices in Woburn, Massachusetts, and Pittsburgh presented a challenge. Employees now travel between the offices to close this gap.
- Most Popular Articles in Business
- Research and Markets : Tesco Plc - SWOT Framework Analysis
- Do Us a Flavor - Ben & Jerry's Issues a Call for Euphoric New Flavors
- eBay made easy: ready to start an eBay business? These 5 simple steps will ...
- Katrina's lawsuit surge: a legal battle to force insurers to pay for flood ...
- Wal-Mart's newest distribution center opened last month near the southwest ...
- More »
Recently, Premiere Global Services acquired Netspoke, and D'Entremont, now senior vice president, will face different challenges. "It definitely gives you a more holistic view, being on the other side," he says. "I think, because of this, I'm better equipped to lead."
COPYRIGHT 2005 Entrepreneur Media, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
