MeetingZone claims that its sales flourished during the recession as companies tried to cut travel costs. Its 10,000 customers, which include National Grid and House of Fraser, have access to its telephone and web conferencing services 24 hours a day, seven days a week. The company was founded in 2001 and in May 2002 raised £2.1m from Nova Capital Management and business angels. It has offices in Berlin, Toronto and Boston. Chief executive Tim Duffy and operations director Steve Gandy oversaw sales growth of 35% a year from £4m in 2007 to £9.9m in 2009.
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