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Logitech enters video conferencing with LifeSize buy
The maker of webcams and other peripherals has announced plans to acquire LifeSize Communications for $405m in cash
Logitech, a maker of webcams and other peripherals, said on Tuesday that it will acquire LifeSize Communications for $405m in cash. The move puts Logitech into the video-conferencing market.
LifeSize offers high-definition video-conferencing systems. LifeSize's customers range from small and medium-sized businesses to large companies.
The move by Logitech means most of the standalone video-conferencing players have been acquired. Cisco is planning to buy Tandberg and, once LifeSize has been bought, Polycom will be the last player standing.
For more on this story, see Logitech gobbles up LifeSize; Enters video conferencing on ZDNet.com.