Logitech Acquires Video Conferencer SightSpeed for $30 Million
Computer accessory manufacturer Logitech today announced that it has agreed to acquire Berkeley-based video communication service, Sightspeed for around $30 million in cash. The acquisition will integrate Sightspeed’s video calling technology into Logitech’s existing services.
“With this acquisition, we are significantly augmenting our current video R&D resources to help us move more quickly toward our goals for video services that complement the way people socialize, communicate and enjoy entertainment,” said Logitech executive VP, Junien Labrousse.
No word yet on how Logitech will incorporate SightSpeed’s 25 employees into its existing business.
Original post by Brian Heater