Peripherals vendor Logitech has acquired LifeSize Communications for $405 million, in a merge that will boost the firm’s visual communications operations.
Logitech president and CEO Gerald Quindlen said: “Through our combined strengths in high-definition, high-quality webcams, ease of use and interoperability we plan to capitalise on this opportunity by delivering disruptive price/performance offerings to the market.”
With plans to make high-definition video communication mainstream, analysts believe the deal should prove a success.
“Logitech and LifeSize form a powerful combination,” said Andrew Davis, a senior partner at Wainhouse Research. He added that, with proven innovation and expertise in the video communications market “these companies make the combined company well positioned to make high definition video communications mainstream-from the enterprise conference room to the home.”
Following the deal, LifeSize will continue to operate as a separate division. The firm currently has over 9,000 video conferencing customers across 80 countries in large enterprises, small-to-medium businesses and public healthcare, education and government organisations.