I sure didn’t see this one coming! Arkadin announced today that they are acquiring ConferencePlus, with an expected close date of December 31. It’s interesting in that ConferencePlus goes back to 1988, while Arkadin is only ten years old.
The acquisition should be relatively easy and seems to make sense to this outsider. While ConferencePlus has a private-label web conferencing solution, their larger and more profitable customers use third-party solutions such as WebEx or Live Meeting. So there isn’t a big shock from a major product being yanked off the market. Arkadin’s private-label solution offers more features and larger room capacities than ConferencePlus Online Meeting, so current customers should not be at a disadvantage.
And ConferencePlus gives Arkadin extra resources for audio conferencing and professional services, which will supplement the company’s offerings and let them grow their bundled solutions business.