Arkadin Raises 5.2M EUR ($6.2M USD) to Fund its International Expansion; CDC Entreprises Innovation Leads New Investment Round for Arkadin.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Arkadin SA, a global provider of audio and data conferencing Sharing data interactively among several users in different locations. Data conferencing is made up of whiteboards and application sharing and are often used in conjunction with an audio or videoconferencing connection. services, today announced that it has raised a new round of funding of 5.2M EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ($6.2M USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) to support further expansion plans in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Asia. CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Entreprises Innovation, the venture capital arm of CDC Entreprises, leads the new round by contributing 4M EUR ($4.8M USD) out of 5.2M EUR ($6.2M USD) in total. The balance is contributed by the historical investor Apax Partners. Founded in 2001, Arkadin has rapidly developed its presence in 13 countries with operating centers in Australia, Belgium, France, Germany, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Ireland, Japan, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Singapore, Spain, Sweden, the United Kingdom and the United States. The additional financing will allow Arkadin to further develop its presence in the United States, Canada and Asia and focus on building its global market share. "We are extremely pleased to have CDC Entreprises Innovation backing Arkadin and being involved at the board level to help us execute our global strategy. The additional financing will enable us to finalize our expansion plans over the next year, focus on new marketing efforts and continue to upgrade our technology to further develop our services and support staff," said Olivier de Puymorin, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Arkadin SA. "We look forward to a productive collaboration with Arkadin, a high growth company with a first-class, seasoned management team, a strong track record and global ambitions, " said Franck Noiret, General Partner of CDC Entreprises Innovation. About Arkadin Arkadin is a global provider of audio and data conferencing services with operating centers in Australia, Belgium, France, Germany, Hong Kong, Ireland, Japan, New Zealand, Singapore, Spain, Sweden, the UK and the US. Companies around the world use Arkadin's Anytime, unassisted and on demand; Event, operator-assisted; and DataNow, data sharing services to conduct high-quality audio and data conferences which virtually connect people anywhere around the world and facilitate easy and cost-effective information sharing and discussion. Arkadin serves a wide range of multinational clients on a global basis. For more information about Arkadin, please visit: www.arkadin.com About CDC Entreprises Innovation CDC Entreprises Innovation ("CDC EI"), a subsidiary of CDC Entreprises, invests in high-tech businesses with strong growth perspectives primarily in three sectors: information and communication technologies, life sciences and biotechnologies, and semi-conductor industries. The company has over 425M EUR under management served by 10 professional investors. CDC EI has made numerous investments in the telecommunications sector including: ASK, Expway, Highdeal, Iwedia, One Access, Netcentrex, 6 Wind, Zandan. For more information, please visit: www.cdcentreprises.fr About Apax Partners Apax Partners is one of the world's leading private equity investment groups, operating across Europe, Israel and the United States. It manages and advises over EUR 15bn on behalf of leading institutional investors around the world. With over 30 years of direct investing experience, Apax Partners' Funds provide long-term equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. to entrepreneurs to build and strengthen world-class companies. It pursues a balanced equity portfolio strategy, investing in venture, growth capital and buyouts. Apax Partners' Funds invest in companies across its global sectors of Tech & Telecoms, Retail & Consumer, Media, Healthcare and Financial and Business Services. For more information, please visit: www.apax.com |
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