jakisumu
08-17-2008, 03:06 PM
So the Video Conferencing giant will be no more.....Tandberg is in negotiations to be bought...but by who ? Well here is the story...
http://www.ft.com/cms/s/0/bc5f42d0-6974-11dd-91bd-0000779fd18c.html
Tandberg rises after private equity move
By Robert Anderson and Martin Arnold
Published: August 13 2008 22:38 | Last updated: August 13 2008 22:38
Shares in Tandberg, the leading video-conferencing equipment producer, jumped 17 per cent on Wednesday after the Norwegian company said it had been approached by a private equity fund.
Tandberg has begun preliminary discussions with the unnamed potential bidder and has hired JPMorgan to advise it. Fredrik Halvorsen, chief executive, refused to give any further comment.
Silver Lake, the US private equity group specialising in technology buy-outs, is rumoured to have approached Tandberg.
Silver Lake, which last year acquired one of Tandberg's competitors, Avaya, with TPG Capital, declined to comment. The potential bid comes as the video conferencing market is experiencing strong growth as international companies try to improve internal communication across continents and enhance the work-life balance of their employees.
Using video conferencing as a substitute for foreign travel can also reduce a company’s costs and help burnish its green credentials by reducing its carbon footprint.
Technological improvements are making video conferencing cheaper and easier. Consequently video conferencing has spread from the executive suite to ordinary desktop computers and in the future will link mobile telephones.
According to Frost & Sullivan, the technology consultancy, the market for video conferencing endpoints was worth $821m in the first three quarters of last year.
Tandberg says the video conferencing market grew 37 per cent in 2007.
In the second quarter of this year it increased operating profit by 24 per cent to $41.2m on revenue up 36 per cent to $194.9m.
Tandberg has recently overtaken Polycom of the US to become the market leader with a 39 per cent share and it strengthened its position last year through the acquisition of Codian of the UK, a video conferencing infrastructure vendor.
Codian should allow Tandberg to more easily integrate video with other desktop applications, potentially giving clients a unified communication system. “This will become crucial in coming years,” says Dominic Dodd, principal analyst for Frost & Sullivan’s enterprise communications group.
http://www.ft.com/cms/s/0/bc5f42d0-6974-11dd-91bd-0000779fd18c.html
Tandberg rises after private equity move
By Robert Anderson and Martin Arnold
Published: August 13 2008 22:38 | Last updated: August 13 2008 22:38
Shares in Tandberg, the leading video-conferencing equipment producer, jumped 17 per cent on Wednesday after the Norwegian company said it had been approached by a private equity fund.
Tandberg has begun preliminary discussions with the unnamed potential bidder and has hired JPMorgan to advise it. Fredrik Halvorsen, chief executive, refused to give any further comment.
Silver Lake, the US private equity group specialising in technology buy-outs, is rumoured to have approached Tandberg.
Silver Lake, which last year acquired one of Tandberg's competitors, Avaya, with TPG Capital, declined to comment. The potential bid comes as the video conferencing market is experiencing strong growth as international companies try to improve internal communication across continents and enhance the work-life balance of their employees.
Using video conferencing as a substitute for foreign travel can also reduce a company’s costs and help burnish its green credentials by reducing its carbon footprint.
Technological improvements are making video conferencing cheaper and easier. Consequently video conferencing has spread from the executive suite to ordinary desktop computers and in the future will link mobile telephones.
According to Frost & Sullivan, the technology consultancy, the market for video conferencing endpoints was worth $821m in the first three quarters of last year.
Tandberg says the video conferencing market grew 37 per cent in 2007.
In the second quarter of this year it increased operating profit by 24 per cent to $41.2m on revenue up 36 per cent to $194.9m.
Tandberg has recently overtaken Polycom of the US to become the market leader with a 39 per cent share and it strengthened its position last year through the acquisition of Codian of the UK, a video conferencing infrastructure vendor.
Codian should allow Tandberg to more easily integrate video with other desktop applications, potentially giving clients a unified communication system. “This will become crucial in coming years,” says Dominic Dodd, principal analyst for Frost & Sullivan’s enterprise communications group.