Panopto – a provider of video and communications tools to enterprise and education sectors – has never featured on the pages of Faultline, yet the privately-held company has enough surplus cash to submit an unsolicited acquisition offer for newly-IPO’d Kaltura. As of writing, Kaltura’s market cap is floating at around $330 million – tanking from a high of $1.2 billion following the company’s July 2021 IPO. This stock slump has ushered Seattle-based Panopto into submitting an improved offer of $383 million, after its two previous bids were rejected by the New York video software specialist. Panopto’s proposed takeover for Kaltura is one peppered with Jekyll and Hyde type connotations. On one side, we have a fiercely ambitious board that wants…