Logitech to acquire SightSpeed for $30 millionBy Jose Vilches
It seems Logitech has had a busy week. Shortly after announcing its premium wireless guitar controller for the wildly popular Guitar Hero video game, the peripheral maker has revealed plans to enter the software market by acquiring internet video services provider SightSpeed for $30 million in cash.
Logitech already sells high-end video cameras, so the acquisition makes sense for the company as it vies to distinguish itself from competition by tying its hardware to software from SightSpeed. According to Logitech, the deal should help them "move more quickly toward [their] goals for video services" and take video-conferencing "beyond the PC."
Logitech did not elaborate on the "beyond the PC" part, but we can probably expect stand-alone peripherals with SightSpeed technology built-in hitting the market after the acquisition is over.