Raindance latest local company to be purchased by West Corp.

LOUISVILLE – A week after it purchased Intrado Inc., West Corp. is buying another Boulder Valley company.

Omaha, Neb.-based West (Nasdaq: WSTC), best known for its call-center solutions, is buying Louisville-based Web-conferencing provider Raindance Communications Inc. (Nasdaq: RNDC) for $2.70 per share.

The acquisition is expected to close by the end of the second quarter, funded with cash on hand, West’s existing bank credit facility and additional debt. The total cost is valued at about $110 million.

The timing of the announcements “was kind of a coincidence,´ said David Pleiss, West’s vice president of investor and public relations. “We had been working with…