Menu
Logitech to buy HD video company for $405 million

Logitech to buy HD video company for $405 million

Logitech plans to acquire LifeSize Communications, a company that makes HD video communications equipment, for US$405 million in cash, the companies says.

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 medium-sized 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 Systems, 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 (voice over Internet protocol) 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.


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Tags logitechlifesizeinternational news

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments