Thursday, February 8, 2007

Polycom Buys SpectraLink For $220M

Pleasanton-based Polycom, a provider of video conferencing hardware and speaker phones, said last night that it is in a definitive agreement to acquire Colorado-based SpectraLink. The deal is worth $220M in cash. SpectraLink develops wireless handsets and other products for businesses. The acquisition is expected to close in Q2.