Logitech Completes Acquisition of LifeSize Communications

Logitech International today announced that
it has completed the acquisition of LifeSize Communications, 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.

Logitech expects the acquisition to drive growth in video communication
for the enterprise and SMB markets by leveraging the two companies’
many technology synergies – including camera design, firewall
traversal, video compression and bandwidth management.

“We believe the video communication opportunity is at an inflection
point, providing us with a significant growth opportunity as we bring
new technologies and added value to office and home environments,” said
Gerald P. Quindlen, Logitech president and chief executive officer.
“Through our combined strengths in high-definition, high-quality
webcams, ease of use and interoperability, we plan to capitalize on
this opportunity by delivering disruptive price/ performance offerings
to the market. Logitech is a leader in PC video communications and
LifeSize is a leader in HD video communications in the meeting room.
Together we can make life-like, HD-quality video communication
mainstream.”

“Logitech and LifeSize form a powerful combination,” said Andrew W.
Davis, senior partner, Wainhouse Research. “Logitech offers proven
innovation in webcams and user-friendly, smart technology and LifeSize
offers expertise in engineering leading price-performance HD video
communications. These synergies make the combined company well
positioned to make high definition video communications mainstream –
from the enterprise conference room to the home. After all, why
shouldn’t video be everywhere there is voice?”

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