Tuesday, November 10, 2009

Logitech Buys LifeSize For $405M

Logitech, which has its Americas headquarters in Fremont, said Tuesday evening that it has acquired high definition video conferencing hardware maker LifeSize. Logitech said it will pay $405M in cash for LifeSize, which is venture backed by Austin Ventures, Lehman Brothers Venture Partners, Norwest Venture Partners, Pinnacle Ventures, Redpoint Ventures, and Sutter Hill Ventures. Logitech said LifeSize is expecting revenues of approximately $90M in CY2009.