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NTT Communications to acquire 91.2% stake in Arkadin
AXA Private Equity, NTT Communications Corporation, and Arkadin International SAS together announced today that they have signed an exclusive agreement over NTT Communications' acquisition of a controlling stake in Arkadin. Arkadin is the world's third-biggest collaboration service provider. NTT Communications is said to acquire a 91.2% stake in Arkadin.The agreement, however, is still subject to the approval of antitrust authorities.
Arkadin provides an extensive range of conference-related solutions that cover services that unify communications. These solutions include audio, web, and video conferencing services as well. Arkadin has recorded double-digit revenue growth since AXA Private Equity's financial commitment in 2012. The investment allowed Arkadin to reinforce its leading market status through a range of critical developments. These developments include the buyout of Novasight, a video conference specialist.
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