Arkadin, a global collaboration services provider, has acquired Novasight, a company specializing in video conferencing services. The transaction was backed by AXA Private Equity.
Arkadin, the leading global collaboration services provider, hasacquired Novasight, a company founded and managed by PhilippeDecaesteke specializing in video conferencing services.
Through this acquisition, Arkadin will reinforce its videoconferencing offer (from the video-as-a-service to managed services)while boosting its development to Unified Communications, solutionswhich gather all the collaboration tools within a single interface.
Many synergies between Arkadin and Novasight have already beenidentified. Novasight will be able to utilize Arkadin’s globalnetwork to accelerate its own growth. Besides, Arkadin will be ableto offer its 25,000 B2B clients the recognized knowledge andexpertise of Novasight’s teams and technological partnerships, whichthe company has built since its creation in 2001 (Cisco-Tandberg,Polycom, Radvision).
Arkadin has 1,000 employees in 31 countries, is expected to achieve aturnover of EUR 185 million in 2012 — an increase of 45% on lastyear — and aims to double the turnover of its video business in2013. AXA Private Equity, main shareholder of Arkadin since August2012, will help the management team integrate Novasight’s skillswhile continuing to provide experience and geographical reach.
Olivier de Puymorin, founder and CEO of Arkadin, said: “We aredelighted to integrate Novasight’s expertise into our company as itoffers major growth opportunities. This acquisition allows ourcompany to grow its offer and asserts our presence across the valuechain of Unified Communications.”
Philippe Decaesteke, founder and CEO of Novasight, said: “Thisacquisition will allow Novasight to enter a new stage in itsdevelopment. The technological expertise of our teams, plus themarket know-how and international presence of Arkadin, constitute thekey elements of a successful combination.”
Francois Jerphagnon, Managing Director Small Market EnterpriseCapital at AXA Private Equity, added: “The acquisition of Novasightrepresents an important stage in Arkadin’s growth, reinforcing itspresence in the high growing market of video conferencing services.Novasight’s expertise strengthens the distinctive positioning ofArkadin compared to its competitors.”
After 10 years of significant growth, Arkadin, founded and headed byOlivier de Puymorin, has become the third largest independentcollaboration service operator worldwide, and allowed more than 60million people to collaborate in 2011. This year, Arkadin hasexperienced record growth once more, which has been ranked second inthe Deloitte Technology Fast 50, for which the company isacknowledged in the intermediate size category. The award establishesan annual ranking of the 50 French technology companies that show thebest turnover growth, demonstrating their ability to develop thebusiness at a fast and sustainable pace in a constantly evolvingtechnological environment. With this award, Arkadin is clearlyrecognized as one of the fastest-growing technology companies inFrance.
ABOUT ARKADIN Founded in 2001, Arkadin is a leading GlobalCollaboration Service Provider offering a complete range of remotecollaboration solutions from audio, web and video conferencing toUnified Communications. Arkadin enables all types and sizes oforganizations to communicate and collaborate effectively using itsuser-friendly and cost-efficient solutions to increase businessproductivity.
With a global network of 50 operating centers in 31 countries, inAsia, Europe, Middle-East, Africa, Latin America and North America,Arkadin delivers its business solutions using a SaaS model socustomers benefit from fast, scalable deployments with a high ROI.Arkadin provides added value to its 26,000 customers with dedicated,local support.
ABOUT AXA PRIVATE EQUITY AXA Private Equity is a world leader inprivate equity, with assets of 30 billion managed or advised inEurope, North America and Asia. The company offers its investors awide choice of funds covering the full range of asset classes: Fundsof Funds (primary, early secondary and secondary), Direct Fundsincluding Infrastructure, Small and Mid Market Enterprise Capital,Innovation & Growth, Co-Investment and Private Debt.
With offices in Beijing, Frankfurt, London, Luxembourg, Milan, NewYork, Paris, Singapore, Vienna and Zurich, AXA Private Equity iscommitted to supporting companies in their long term growth byproviding access to its international network. AXA Private Equitysets great store by the regularity and quality of its reporting onthe performance of its funds and the performance of the companies inits portfolio, as a service to its investors.
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