Logitech sells off Lifesize division

Wednesday 30 December 2015 | 09:49 CET | News
Logitech International announced that its Lifesize videoconferencing division separated from the company to become Lifesize, a private entity. Three venture capital firms, namely Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners, invested USD 17.5 million into Lifesize and join Logitech as shareholders. Logitech will hold a 37.5 percent share in the company, based on shares outstanding immediately following the investment. The separation of Lifesize is another step in Logitech's transformation toward a simpler, faster company, Logitech said. It allows Logitech to focus on

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Categories: Fixed
Companies: Logitech
Countries: World
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