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14 Aug 2008
The video conferencing vendor landscape could be set for a shake-up after Tandberg revealed it has received a private equity takeover bid.
With cash-strapped executives travelling less this year, it is thought that video conferencing could provide a viable alternative to face-to-face meetings, making it an attractive potential market for larger players. Norway-based Tandberg is viewed as one of the market’s two main remaining independent players alongside US rival Polycom.
Tandberg’s shares beefed up by 15 per cent after it confirmed it had been approached by an unnamed private equity firm.
Further reading
“The discussions are at an early stage and there can be no certainty that an offer will be made,” the vendor said.
The news immediately sparked predictions of counter-bids from larger trade buyers.
The total European conferencing services market is set to almost double to $1.69bn between 2007 and 2013, according to Frost & Sullivan.
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