Latest Telepresence and Visual Collaboration News:
Polycom Acquires Accordent
March 24, 2011 |
By Troy Dreier
Polycom, the multinational provider of telepresence and voice communications solutions, has announced that it has acquired Accordent Technologies for approximately $50 million in cash. Accordent delivers video content management and delivery solutions.
Polycom states that it expects the deal to be neutral in terms of earnings for 2011, and to show a slight profit for 2012.
The transaction shows Polycom's desire to grow in the video content management and delivery space. It stated that it plans to integrate its open standards UC (unified communications) Intelligent Core and UC endpoints with Accordent's open standards video content management solution. Accordent's solution allows for video capture in a range of environments, including studios, classrooms, and videoconferences.
This acquisition expands Polycom's total available market by $500 million, says Wainhouse Research. It projects a compounded annual growth of 32 percent through 2014 to $1.2 billion.
"We believe Accordent has the most elegant video content management solution on the market and by leveraging customer, channel, partner, and product synergies with Polycom, this transaction positions Polycom at the forefront of end-to-end video and content management," says Sudhakar Ramakrishna, Polycom's chief development officer.
Accordent announced revenues of $9 million in 2010 and has over 1,200 customers in the enterprise and public sectors. It's staff of 50 will say in El Segundo, California. Polycom is based in Pleasanton, California.
"From our first meeting with Polycom, we shared a common vision about the future of unified collaboration and the paradigm shift in the way people communicate and work," says Mike Newman, Accordent's previous chief executive officer.
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.
27 April 2017 27 April 2017 14 April 2017
27 April 2017
First Multi-Language Web Conferencing Software with Automatic Voice Translation, Captions, and Interpretation Launched by Translate Your World27 April 2017 27 April 2017
20 April 2017
The new Suitable technologies BeamPro PTZ+L telepresence robot for the healthcare industry has a laser14 April 2017 27 March 2017
See what happens when YouTube and TPO come together at the Telepresence Options YouTube Channel.