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TMCNet:  Arkadin acquires Novasight

[November 27, 2012]

Arkadin acquires Novasight

Nov 27, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Arkadin SA, a provider of audio and web conferencing services, has acquired Novasight, a provider of audio conferencing, video conferencing, telepresence and web conferencing services, from Philippe Decaesteke. Both the companies are based in France.

Deloitte acted as financial advisor, while Gatienne Brault & Associes acted as legal advisor to Arkadin for the transaction. Fidal acted as legal advisor to Philippe Decaesteke for the transaction.

Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2012-11-27 Deal Participants Target (Company) Novasight Acquirer (Company) Arkadin SA Deal Rationale The acquisition will allow Arkadin to strengthen its video conferencing offer (from the video-as-a-service to managed services) while boosting its development to Unified Communications, solutions which gather all the collaboration tools within a single interface.

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