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| Logitech Completes Acquisition of LifeSize Communications | |||
| 11 Dec 2009
, Fremont, Calif, Switzerland
: Logitech International (SIX: LOGN) (Nasdaq: LOGI), 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?” About Logitech Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). |
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