ARKADIN Acquires Novasight With the Support of AXA Private Equity
Many synergies between Arkadin and Novasight have already been identified. Novasight will be able to utilize Arkadin's global network to accelerate its own growth. Besides, Arkadin will be able to offer its 25,000 B2B clients the recognized knowledge and expertise of Novasight's teams and technological partnerships, which the company has built since its creation in 2001 (Cisco-Tandberg, Polycom, Radvision).
Arkadin has 1,000 employees in 31 countries, is expected to achieve a turnover of EUR 185 million in 2012 -- an increase of 45% on last year -- and aims to double the turnover of its video business in 2013. AXA Private Equity, main shareholder of Arkadin since August 2012, will help the management team integrate Novasight's skills while continuing to provide experience and geographical reach.
Olivier de Puymorin, founder and CEO of Arkadin, said: "We are delighted to integrate Novasight's expertise into our company as it offers major growth opportunities. This acquisition allows our company to grow its offer and asserts our presence across the value chain of Unified Communications."
Philippe Decaesteke, founder and CEO of Novasight, said: "This acquisition will allow Novasight to enter a new stage in its development. The technological expertise of our teams, plus the market know-how and international presence of Arkadin, constitute the key elements of a successful combination."
François Jerphagnon, Managing Director Small Market Enterprise Capital at AXA Private Equity, added: "The acquisition of Novasight represents an important stage in Arkadin's growth, reinforcing its presence in the high growing market of video conferencing services. Novasight's expertise strengthens the distinctive positioning of Arkadin compared to its competitors."
After 10 years of significant growth, Arkadin, founded and headed by Olivier de Puymorin, has become the third largest independent collaboration service operator worldwide, and allowed more than 60 million people to collaborate in 2011. This year, Arkadin has experienced record growth once more, which has been ranked second in the Deloitte Technology Fast 50, for which the company is acknowledged in the intermediate size category. The award establishes an annual ranking of the 50 French technology companies that show the best turnover growth, demonstrating their ability to develop the business at a fast and sustainable pace in a constantly evolving technological environment. With this award, Arkadin is clearly recognized as one of the fastest-growing technology companies in France.
Founded in 2001, Arkadin is a leading Global Collaboration Service Provider offering a complete range of remote collaboration solutions from audio, web and video conferencing to Unified Communications. Arkadin enables all types and sizes of organizations to communicate and collaborate effectively using its user-friendly and cost-efficient solutions to increase business productivity.
With a global network of 50 operating centers in 31 countries, in Asia, Europe, Middle-East, Africa, Latin America and North America, Arkadin delivers its business solutions using a SaaS model so customers 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 in private equity, with assets of $30 billion managed or advised in Europe, North America and Asia. The company offers its investors a wide choice of funds covering the full range of asset classes: Funds of Funds (primary, early secondary and secondary), Direct Funds including Infrastructure, Small and Mid Market Enterprise Capital, Innovation & Growth, Co-Investment and Private Debt.
With offices in Beijing, Frankfurt, London, Luxembourg, Milan, New York, Paris, Singapore, Vienna and Zurich, AXA Private Equity is committed to supporting companies in their long term growth by providing access to its international network. AXA Private Equity sets great store by the regularity and quality of its reporting on the performance of its funds and the performance of the companies in its portfolio, as a service to its investors.
AXA Private Equity, Global Investments the European way
LIST OF PARTIES INVOLVED
Arkadin: Olivier de Puymorin, Alexis Cornu-Thenard, Mathieu Rolland
Advisors to the buyers:
- Legal: Gatienne Brault & Associés (Caroline Simic, Maxime Brotz)
Tax, Financial: Deloitte (Cyril Stivala, Thomas Fischer)
Legal: Fidal (William Morel)