Oblong CEO John Underkoffler will become chief technology officer of the combined company formed by the merger with Glowpoint Inc, whose CEO will be current Glowpoint CEO Pete Holst.
Oblong Industries has agreed to a merger with Glowpoint Inc, a managed service provider of video collaboration and network applications by 15 October. Shareholders in Glowpoint are expected to own around 25% of the combined company, while Oblong stockholders will own approximately 75%. Glowpoint CEO Pete Holst will be CEO of the combined company while Oblong founder and CEO John Underkoffler will serve as chief technology officer.
Oblong’s product range includes its flagship Mezzanine product and a beta version extending Mezzanine further to the cloud. It holds 46 patents and 13 pending patents in the United States and an additional 28 issued and 31 pending patents globally, an IP portfolio that covers foundational techniques in the domains of multi-stream/multi-participant visual collaboration; spatial, gestural, and multi-device control of data environments; and UI mechanics for cloud-based remote content collaboration.