Arkadin Raises a Total of 6.6 Million Euros to Fund its International Growth; Apax Partners Leads New Investment Round for Arkadin.Business Editors/High-Tech Writers PARIS--(BUSINESS WIRE)--June 15, 2004 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 Apax Partners, one of the world's leading private equity firms, has invested 4 million euros in Arkadin SA, a Paris-based company with operating centers in Europe and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The company has raised a total amount of 6.6 million euros in its second round of funding, of which 2.6 million euros is from individual investors. Founded in 2001, Arkadin originated in France and quickly expanded into the United Kingdom, Spain, Belgium and Germany. The rapid growth and success of these European subsidiaries is attributable to Arkadin's teleconferencing platform, lean cost structure, the ability to deliver customer specific requirements, and its experienced management team. "Our growth and the demand for global coverage from our customers have led us to our expansion into the United States in early 2004. The additional funds that we've raised will be used to further accelerate the development of Arkadin's presence 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. , Asia and the rest of Europe and will advance our efforts in becoming a truly global provider and market leader," 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. Eddie Misrahi, Partner at Apax Partners, comments: "We are very excited to be a part of Arkadin. The company is led by a very impressive management team that has many years of industry experience. We believe their rapid success and growth in Europe and the United States are indications for further success globally." About Arkadin Arkadin is a global provider of audio and data conferencing services with operating centers in France, the United Kingdom, Spain, Belgium, Germany and the United States. Companies around the world use Arkadin's Anytime, unassisted and on demand; Event, operator-assisted; and DataNow, data sharing The ability to share the same data resource with multiple applications or users. It implies that the data are stored in one or more servers in the network and that there is some software locking mechanism that prevents the same set of data from being changed by two people at the same time. 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 See data conferencing. 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 Apax Partners Apax Partners is one of the world's leading private equity investment groups, operating across Europe, Israel, the United States and Japan. 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 companies at all stages of development from start-up to buy-out buy·out also buy-out n. 1. The purchase of the entire holdings or interests of an owner or investor. 2. The purchase of a company or business: . Apax Partners' Funds invests in companies across its 6 chosen global sectors of: telecommunications, information technology, media retail and consumer, healthcare, business and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Some of Apax Partners' Funds technology investments include: Antalis-TV, ASK, CCMX, Damovo, Hubwoo-Avisium, Kable Deutschland, Inmarsat, and Webraska. For more information, please visit: www.apax.com. |
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