Thursday, November 8, 2007

Logitech Buys WiLife

Fremont-based Logitech said today that it has acquired WiLIfe, a Utah-based provider of PC-based video monitoring products. The deal was worth $24M plus performance-based earn out. WiLife develops systems that allow consumers to monitor their homes or small businesses using Internet cameras. Logitech said that the acquisition would complement its growing presence in the digital home area. Logitech said that it does not expect the impact of the acquisition to be material to its current fiscal year results.