Logitech to acquire LifeSize Communications

New Delhi: Logitech International announced that it has agreed to acquire privately held LifeSize Communications for $405 million. Craig Malloy, Co-founder and CEO, 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, President and CEO, Logitech 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 Logitech's manufacturing and supply chain operations, extensive R&D and expertise in user experience.