No announcement yet.

Logitech to buy HD video company for $405 million

  • Filter
  • Time
  • Show
Clear All
new posts

  • Logitech to buy HD video company for $405 million

    Looks like Logitech is expanding, it will be interesting to see what comes out of this purchase.

    This story appeared on Network World at

    Logitech to buy HD video company for $405 million
    The deal will let Logitech target enterprise and other business users with video conferencing products
    By Nancy Gohring , IDG News Service , 11/11/2009
    Logitech plans to acquire LifeSize Communications, a company that makes HD video communications equipment, for $405 million in cash, the companies said Tuesday.

    Hottest mergers and acquisitions of 2009

    Logitech, whose video business is focused mainly on webcams, hopes the deal will allow it to offer video communications systems for other settings besides the desktop, it said. LifeSize targets a wide range of customers including enterprises that want installations in their boardrooms, small and midsized businesses, and home office workers. It also targets education, health care and government customers.

    LifeSize has 9,000 video conferencing customers in 80 countries, Logitech said.

    The acquisition could put Logitech in competition with companies including Cisco, which has been pushing deeper into the telepresence and videoconferencing markets. Cisco is currently trying to buy videoconferencing provider Tandberg for $3 billion, although it has yet to secure a deal.

    Logitech said it will work with unified communications and VoIP partners to encourage a more open environment in which video communications systems can interoperate.

    Logitech hopes to close the deal in December subject to customary closing conditions, including antitrust approvals. If the deal goes through, LifeSize will operate as a Logitech division from its current location in Austin, Texas.

    The IDG News Service is a Network World affiliate.

    All contents copyright 1995-2009 Network World, Inc.
    Randy = Ace ! - Warlab
    Level II Volunteer FireFighter
    Level I HazMat Technician
    Town of Mamaroneck Fire Dept.


    Bring On Project Reality 1.0!!!
    RSS Feeds:Bamboo | | 9/11 - Never Forget |
    Apophis - "TG was created to cater to a VERY specific type of gamer rather than trying to appeal to the greater gaming population.
    Tactical Gamer is not mainstream.
    We are not trying to attract mainstream gamers."



TeamSpeak 3 Server




Twitter Feed