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Logitech to buy LifeSize Communications

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CIOL Bureau
New Update

MUMBAI, INDIA: Logitech International, a provider in PC video communication space, today announced that it has agreed to acquire privately held LifeSize Communications of Austin, Texas for $405 million in cash.

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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, said a press release.

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.

Craig Malloy, co-founder and chief executive officer, LifeSize, said, “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 eco-system for interoperable video communication.”

Gerald P. Quindlen, Logitech, President & Chief executive officer said, “We expect this acquisition to enable Logitech to extend our leadership in video communication beyond the desktop. Together we 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.”

Logitech and LifeSize also expect to further video communication growth by leveraging their combined technology expertise as well as Logitechs world-class manufacturing and supply chain operations, extensive R&D and expertise in user experience, the release added.

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