(Auszug aus der Pressemitteilung)
FREMONT, Calif., Oct. 28, 2008 and ROMANEL-SUR-MORGES, Switzerland, Oct. 29, 2008 – Logitech International (SIX: LOGN) (Nasdaq: LOGI) today
Inc. of Berkeley, Calif. for approximately $30 million in cash. SightSpeed
is an award-winning provider of high-quality Internet video communications
services. The acquisition is subject to customary closing conditions and is
expected to close in early November.
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.
„With this acquisition, we are significantly augmenting our current video
R&D resources to help us move more quickly toward our goals for video
services that complement the way people socialize, communicate and enjoy
entertainment,“said Junien Labrousse, executive vice president of
Logitech’s Products group.
„According to our research, there is a large untapped market of people who
want to communicate with friends and family using video. But they want it
to be integrated into their family lifestyle, which means going beyond the
PC. We believe with SightSpeed we can help create the next wave of video
Founded in 2001, SightSpeed has approximately 25 employees. The company’s
management team includes technology leaders with backgrounds in Internet
services and software technology development. The SightSpeed services are
based on SIP (Session Initiation Protocol), a standard that enables the
services to be interoperable with other Internet communication services.
Impact on Financial Results for Current Fiscal Year
The impact of the acquisition on Logitech’s current fiscal year results is
not expected to be material.