Latest Telepresence and Visual Collaboration News:
Polycom won't be sold to Apax Partners
Pleasanton-based Polycom Inc. and private equity firm Apax Partners no longer are in discussions whereby the video conferencing and telepresence company would sell itself to Apax, a source familiar with the situation told Reuters. Apax had been in talks since November to take Polycom private for more than $3 billion, but Apax never made an offer. Polycom and Apax wouldn't comment. The video conferencing sector has experienced a flurry of acquisitions and is seen as a key growth area as companies seek to cut travel costs and innovate. San Jose-based Cisco Systems will buy Norway-based Tandberg. Logitech, which has a big operation in Fremont, bought LifeSize Communications. Polycom is focusing on expanding partnerships to battle Cisco, including one with Hewlett Packard.
[via Mercury News]
Add New Comment
Telepresence Options welcomes your comments! You may comment using your name and email (which will not be displayed), or you may connect with your Twitter, Facebook, Google+, or DISQUS account.
See what happens when YouTube and TPO come together at the Telepresence Options YouTube Channel.