Pivotal Group has sold GlobalMeet, an enterprise webcasting and virtual events platform used by more than half of the Fortune 500, to N. Harris Computer Corporation, an operating group of Constellation Software.
The sale ends a concentrated, two-year ownership period during which the Phoenix-based investor said it revamped GlobalMeet’s leadership team and invested millions in product upgrades to improve performance, security, enterprise scalability, and premium event services. Pivotal said those investments broadened GlobalMeet’s customer footprint and set the platform up for longer-term growth.
For Harris, the acquisition adds an established enterprise communications platform and expands its presence in secure, large scale virtual event technology. Constellation Software, which owns Harris and operates hundreds of vertical-market software businesses globally, is positioning GlobalMeet as a durable offering for large-enterprise communications and events.
The sale process was led by investment bank The Cosine Group, with legal representation for Pivotal Group provided by Weiss Brown.
Pivotal Group, founded by Francis Najafi, has invested in technology businesses including Network Solutions, Global Capacity, and MegaPath. The firm also owns and operates Promontory, a luxury mountain community in Park City, Utah.
KEY QUOTES
“When we acquired GlobalMeet over two years ago, we believed in the strength of the platform and its importance to large enterprises. We brought in a world-class management team, upgraded the technology, and sharpened the company’s focus. GlobalMeet is now one of the most trusted solutions for Fortune 500 communications.”
Francis Najafi, Founder and CEO, Pivotal Group
“GlobalMeet has earned a strong reputation among major enterprises for the reliability and scale of its platform. We are excited to be a permanent home for this critical service to the Fortune 500. We look forward to supporting the next stage of growth, as the permanent home for GlobalMeet.”
Dana Lendorf-McCarthy, Group President, Harris Onyx Group
