Most Popular
| Top Stories | Commented | Featured |
ATI Radeon HD 5570 Review featured
Intel Core i5-based MacBook Pros coming soon?
AMD's six-core Thuban to have feature like Turbo Boost?
Google to launch Twitter-like service for Gmail
Intel unveils Itanium 9300 series enterprise processors
Netflix to roll out 1080p streaming later this year
TechSpot RSSIndustry News
Logitech to buy video conferencing firm LifeSize
Computer peripherals maker Logitech has announced that it is acquiring video conferencing company LifeSize, in a deal worth $405 million in cash. The company offers a range of HD video conferencing solutions from large purpose-built video conference rooms to cost-effective add-on bundles for small businesses and remote workers.
Logitech is already a well-known consumer brand with products aimed at the consumer market, but the deal is expected to extend its reach in the video conferencing space beyond the desktop and propel them into competition with firms such as Cisco and Polycom.
The two firms will combine tech expertise, R&D, manufacturing and supply chain expenses, but LifeSize will continue to operate as a separate division under the leadership of co-founder and chief executive, Craig Malloy. The acquisition is expected to close in December, subject to the usual regulator and shareholder agreements.
Logitech is already a well-known consumer brand with products aimed at the consumer market, but the deal is expected to extend its reach in the video conferencing space beyond the desktop and propel them into competition with firms such as Cisco and Polycom.
The two firms will combine tech expertise, R&D, manufacturing and supply chain expenses, but LifeSize will continue to operate as a separate division under the leadership of co-founder and chief executive, Craig Malloy. The acquisition is expected to close in December, subject to the usual regulator and shareholder agreements.
Related Stories
User Comments (4)
Post a comment| freedomthinker on November 11, 2009 11:38 AM | Nice , i love Logitech ! The best there is ! Hehe .. But im wondering why did they buy the company ? |
| treeski on November 11, 2009 1:19 PM | Sounds good to me. Logitech is one of the few really solid
companies in my opinion. They put out really great products
at mostly reasonable prices that last a long
time. @freedomthinker: If Logitech is looking to expand (as they are), it's probably more cost effective to purchase a company that's in the direction they are looking to, and then expanding it, as opposed to entirely reinventing stuff that already exists. |
| Wendig0 on November 11, 2009 8:28 PM | Sounds like a great deal! I look forward to the goddies that come from this! |
| Julio on November 11, 2009 10:42 PM | Weird fact (at least for me): Did you know Logitech was a Swiss born company? For some reason I always thought of them as a regular US-based peripheral maker. |
