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Venture capital firms to sell LifeSize Communications to Logitech International

Posted on: Wed, 11 Nov 2009 13:45:00 EST

Symbols: LOGI

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Nov 11, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
LOGI | Quote | Chart | News | PowerRating -- Venture capital firms, Tenaya Capital, Austin Ventures, Norwest Venture Partners, Redpoint Ventures, Sutter Hill Ventures and Pinnacle Ventures have agreed to sell LifeSize Communications, Inc., a US-based provider of high definition video communications products, to Logitech International S.A.

Logitech is a Switzerland-based manufacturer of computer peripherals. Logitech will acquire LifeSize for a cash consideration of $405 million.

Following the transaction, LifeSize will operate as a separate division of Logitech in Austin, US.

The transaction is expected to close in December 2009.

Deal Type    Venture Finance
Sub-Category Exit
Deal Status  Announced: 2009-11-10

Deal Participants

Target (Company)   LifeSize Communications, Inc.
Acquirer (Company) Logitech International S.A.

Deal Rationale

The acquisition will enble Logitech to extend its leadership position in video communication beyond the desktop.

For full details on Logitech Intl Sa Ord (LOGI) LOGI. Logitech Intl Sa Ord (LOGI) has Short Term PowerRatings at TradingMarkets. Details on Logitech Intl Sa Ord (LOGI) Short Term PowerRatings is available at This Link.

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