PGi acquires Colorado teleconferencing provider

Atlanta-based PGi, a company that specializes in online event management, said it is acquiring ACT Teleconferencing for about $44 million in cash.

ACT Teleconferencing, based in Lakewood, Colo., provides audio, video and web-conferencing services. It has has projected annual revenue of about $45 million and operations in North America, Europe and Asia Pacific.

PGi, which has its headquarters on Peachtree Street in Buckhead, provides video, voice, mobile, web streaming and file-sharing collaboration services. The company helps businesses set up and manage virtual meetings on desktops, tablets and mobile devices.