Logitech has announced that it will buy Internet video communications firm SightSpeed. The acquisition will cost Logitech about $30 million in cash and is subject to the customary closing conditions. Logitech expects the acquisition to be complete in November.
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SightSpeed will provide Logitech with video calling technology, software, and services with a development team that will focus on future video calling initiatives. We can expect to see many Logitech peripherals with SightSpeed technology built-in hitting the market after the acquisition is over.
“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.
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