Logitech International has announced that it will acquire SightSpeed Inc. for approximately $30 million in cash. SightSpeed offers consumers and businesses high-quality, SIP-based Internet video communications services, including video conferencing, video chat, video voicemail, collaboration tools, and more.
According to the announcement:
The acquisition of SightSpeed will provide Logitech with video calling technology and a software and services development team that can be focused on future video calling initiatives that can enable cross-platform video communications with an intuitive, lifelike experience, for people sitting in front of a personal computer or with their family in a living room.
I've used the service before and I must admit the quality was very good in my experience. The software got a recent boost by being featured on CBS' morning news program.
Congratulations to Peter Csathy and the rest of the SightSpeed team.
The acquisition is expected to close in early November.
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