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Video conferencing market rocked by Tandberg approach

August 18, 2008 | Chris Payatagool

tandberg_160x46px.jpgBid for Tandberg by unnamed private equity firm sparks predictions

Written by Doug Woodburn

The video conferencing vendor landscape could be set for a shake-up after Tandberg revealed it has received a private equity takeover bid.

With cash-strapped executives travelling less this year, it is thought that video conferencing could provide a viable alternative to face-to-face meetings, making it an attractive potential market for larger players. Norway-based Tandberg is viewed as one of the market's two main remaining independent players alongside US rival Polycom.

Tandberg's shares beefed up by 15 per cent after it confirmed it had been approached by an unnamed private equity firm.

"The discussions are at an early stage and there can be no certainty that an offer will be made," the vendor said.

The news immediately sparked predictions of counter-bids from larger trade buyers.

The total European conferencing services market is set to almost double to $1.69bn between 2007 and 2013, according to Frost & Sullivan.

[via ChannelWeb]

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