Switzerland-based Logitech, maker of personal computer peripherals, is entering the software market by acquiring internet video communications services provider SightSpeed for $30 million in cash. The deal is expected to close in early November.
The acquisition of the 25-person company, born out of a Cornell University lab, is a result of Logitech looking to complement their hardware solutions with solid video communication technology in combination with a R&D knowledge buy.
SightSpeed’s services, which are SIP-based and standards-compliant, comes with a free version and a premium version called SightSpeed Plus (for consumers) which costs $9.95 per month or $99.95 per year. The professional version costs $19.95 a month/$240 per person a year, and runs on Windows, Macintosh, and Linux.
