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Arkadin Acquires Novasight Backed by AXA Private Equity
By Angela Sormani, PEHUB,
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."
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