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| Logitech International to acquire LifeSize Communications |
| BS Reporter / Mumbai Nov 11, 2009, 15:14 IST |
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Logitech International, a leader in PC video communication, today announced that it has agreed to acquire privately held LifeSize Communications of Austin, Texas for $405 million in cash. LifeSize is a global 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.
LifeSize’s industry leading HD video conferencing solutions provide superior quality of experience and are flexible, easy to use, install and manage – with unmatched price/performance. LifeSize was founded on the vision of providing life-like visual-communication solutions to change the way the world communicates.
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.
The acquisition is subject to customary closing conditions, including antitrust approval, and is expected to close in December.
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