Logitech to buy video conferencing firm LifeSize

By on November 11, 2009, 11:10 AM
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.




User Comments: 4

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freedomthinker said:

Nice , i love Logitech ! The best there is ! Hehe .. But im wondering why did they buy the company ?

treeski treeski said:

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 Wendig0, TechSpot Paladin, said:

Sounds like a great deal! I look forward to the goddies that come from this!

Staff
Julio Franco Julio Franco, TechSpot Editor, said:

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.

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