SOURCE: ON24, Inc.

June 21, 2005 23:00 ET

ON24 Announces European Expansion

Company Opens London Office and Appoints Joakim Jonsson as European Sales Manager

SAN FRANCISCO, CA -- (MARKET WIRE) -- June 21, 2005 -- ON24, a global leader in webcast and multimedia communication solutions, today announced a major international expansion through a newly formed Europe business unit. ON24 simultaneously announced the appointment of Joakim Jonsson, a veteran of the webcasting industry, as European Sales Manager.

"The formal expansion of our business into Europe is an important step forward for our company," said Sharat Sharan, president and CEO of ON24. "European client demand for our webcasting services has grown rapidly in recent years, and the time is now right to respond to that demand with a local presence. To that end, I am delighted to have Joakim Jonsson leading the sales efforts of this strategic initiative."

Based in London, the newly formed ON24, Ltd. will deliver a full range of webcasting solutions to European clients. The industry-leading products available through ON24, Ltd. include:

ON24 Webcast Center, industry leading product for self-publishing live
     and on-demand webcasts
ON24 Simple Audio, for self-service, on-demand audio webcasts
ON24 Demo Webcasts, for software or web-based product demonstrations
ON24 Webcast Simple, delivering core and robust webcasting features at
     a low price
 
"We have been very impressed with ON24's webcasting solutions," said Steven Jones, Chief Executive Officer, VNU Global Media, Europe's leading IT media and information company. "There is a growing demand across Europe for webcasting and it's very exciting to see the launch of the industry leader in this incredibly important market."

Joakim Jonsson is a pioneer of the webcasting industry in Europe. He joins ON24 from Virtue Broadcasting PLC where he served as head of sales and marketing. His experience also includes senior sales and marketing positions with companies including European Golf Web Holding and Streamway, an early innovator in the webcasting industry in Europe.

ON24 Ltd. opens with a large number of European partner and customer relationships already in place with companies including Cartesis, VNU, Genesys, Cantos and Meditech Media.

About ON24, Inc.

ON24 is a leading provider of webcast and multimedia communication solutions. ON24 offers one-stop solutions for internal and external multimedia communications for customers in the enterprise, technology, life sciences, government and financial services industries. More than 500 leading companies including Cardinal Health, Cisco Systems, Credit Suisse First Boston, Hewlett Packard, Merrill Lynch, NCAA, Philips, and Sun Microsystems use ON24 for activities such as conferences and events, product launches, sales training, continuing medical education, executive announcements, equity research and financial road shows. Based in San Francisco, the privately held company was founded in 1998.

Companies interested in learning more about ON24's complete line of webcasting solutions can call 415.369.8000 or send inquiries to solutions@on24.com.

Contact Information


  • Contact:
    Contact Info:
    Chuck Ellison
    Vice President of Sales & Marketing
    Tel: 415-369-8320
    E-mail: Email Contact