Logitech Moves to Buy Austin Video Equipment Maker LifeSize Communications
LifeSize Communications, a Austin company that makes communications equipment for high-definition video, is on the verge of being bought by device maker Logitech for $405 million.
The companies announced the deal on Tuesday and said they hope to close the transaction in December. Once the deal is complete, LifeSize will remain in Austin and operate as a division of the larger company.
LifeSize reports more than 9,000 video conferencing customers across 80 companies in business, healthcare, education and government.
Logitech, whose video business centers on webcams, could use LifeSize technology as a great leap forward to compete with Cisco Systems, who has been pushing into the videoconference market.
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