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Logitech to Buy Video Conferencing Company LifeSize Communications for $405 Million
11 Nov 2009
Logitech International SA, a maker of mice, webcams and other computer peripherals, announced that it has agreed to buy video conferencing company LifeSize Communications of Austin, Texas for $405 million in cash.
LifeSize is a provider of high definition (HD) video communication solutions, with more than 9,000 video conferencing customers across 80 countries in large enterprises, small-to-medium businesses (SMBs) and public healthcare, education and government organizations.
LifeSizes industry leading HD video conferencing solutions provide superior quality of experience and are flexible, easy to use, install and manage - with unmatched price or performance.
Logitech and LifeSize plan to pursue existing and new relationships with unified communications, collaboration and VoIP industry partners and competitors to drive the development of an open ecosystem for interoperable video communication.
This acquisition will enable Logitech to extend their leadership in video communication beyond the desktop. Together they can make life-like, HD-quality video communication as mainstream and seamless as a telephone, for meeting participants in the boardroom, at their office desk, in a remote-location meeting room, telecommuting from home or on the go with a laptop.
Tags
ligitech, lifesize communications, video conferencing
Visit http://www.logitech.com/
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