Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Logitech to acquire LifeSize Communications
Posted on 11-Nov-2009 16:27. | Tags Filed under: News.



Logitech International has agreed to acquire privately held LifeSize Communications of Austin, Texas for US$405 million in cash. LifeSize is a leader in 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.

The company says LifeSize’s HD video conferencing solutions provide superior quality of experience and are flexible, easy to use, install and manage.

“We expect this acquisition to enable Logitech to extend our leadership in video communication beyond the desktop,” said Gerald P. Quindlen, Logitech president and chief executive officer. “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.”

“LifeSize was founded on the vision of providing life-like visual-communication solutions to change the way the world communicates,” said Craig Malloy, LifeSize co-founder and chief executive officer. “We believe that together with Logitech, we can realize that vision for all enterprises – private and public – and small and medium businesses. Our combined proven innovation can accelerate mainstream adoption of video communication by anyone, anywhere.”

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.

Logitech and LifeSize also expect to further video communication growth by leveraging their combined technology expertise as well as Logitech’s world-class manufacturing and supply chain operations, extensive R&D, expertise in user experience and globally recognized brand.

Logitech plans for LifeSize to operate as a separate division in Austin under the leadership of Craig Malloy as the LifeSize Communications chief executive officer. LifeSize expects approximately US$90 million in revenue in CY 2009, with CY 2010 revenue expected to grow between 40 percent and 60 percent.


More information: http://www.lifesize.com...

comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

The President Of The USA: Donald Trump
Created by TimA, last reply by MikeB4 on 20-Jan-2017 16:51 (1777 replies)
Pages... 117 118 119


$1160 for a car battery??!!
Created by jonathan18, last reply by jonathan18 on 20-Jan-2017 09:16 (49 replies)
Pages... 2 3 4


New Ford Mustang or Holden Commodore or alternatives
Created by MikeB4, last reply by MikeB4 on 20-Jan-2017 15:18 (55 replies)
Pages... 2 3 4


Lost Mp3 collection, how to rebuild on the cheap (legally)?
Created by TeaLeaf, last reply by kickintheeye on 18-Jan-2017 23:05 (18 replies)
Pages... 2


Xtra email no longer receives on Outlook 2003 / Outlook 2011 for MAC
Created by lNomNoml, last reply by Darwall on 20-Jan-2017 18:02 (17 replies)
Pages... 2


Upsize my American houses to McMansion value deal.
Created by kingdragonfly, last reply by richms on 18-Jan-2017 15:48 (14 replies)

Spec check on laptop for GoPro editing please
Created by martyyn, last reply by richms on 20-Jan-2017 17:23 (13 replies)

New Unlimited Fixed Broadband
Created by LivingSkinny, last reply by noroad on 19-Jan-2017 11:14 (55 replies)
Pages... 2 3 4