Tech Company M&A Transactions
LifeSize Acquisition
On 11/10/2009, LifeSize was bought by Logitech. The parties disclosed the acquisition price to be $405 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/10/2009
Transaction Type
M&A
Amount
$405,000,000
M&A Terms
Logitech plans for LifeSize to operate as a separate division in Austin under the leadership of Mr. Malloy as the LifeSize Communications chief executive officer, reporting to Mr. Quindlen. LifeSize expects approximately $90 million in revenue in CY 2009, with CY 2010 revenue expected to grow between 40 percent and 60 percent. Logitech expects the acquisition to be neutral to slightly positive to its operating income (excluding acquisition-related charges) in FY 2011, ending March 31, 2011, and positive thereafter.
Company Information
Company Status
Acquired or Merged
Industry
Communications
Mailing Address
1601 S. Mopac Expy. 100
Austin, TX 78746
USA
Austin, TX 78746
USA
Phone
Website
Email Address
Overview
Founded in 2003 by industry veterans, LifeSize is changing the way people around the world are conducting business with a fully encompassing product offering that combines exceptional quality, user simplicity and administrator manageability to make video communications a productive, true-to-life experience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Craig Malloy
Chief Operating Officer
Michael Helmbrecht
Chief Technical Officer
Bobby Beckmann
VP - Human Resources
Gayle Wiley
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