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Dissecting Siris Capital's Polycom acquisition a year later

September 18, 2017 | Telepresence Options

polycom_siris.jpg

Story and images by TechTarget

The Mitel-Polycom-Siris love triangle was the UC story of the summer last year. Now, a year later, what has transpired? How was Polycom's year under Siris ownership?

A year ago, private equity firm Siris Capital Group LLC completed its $2 billion acquisition of voice and video conferencing provider Polycom Inc. Since then, Polycom became a private company, shook up its executive leadership, and unveiled a few new products and partnerships.

At the time -- and still today -- the Polycom-Siris deal highlighted the ongoing trend of vendor contraction and consolidation in the unified communications (UC) market. This market volatility -- as vendors are acquired, file for bankruptcy or look to sell assets -- underscores the importance for UC users to find financially viable vendors that can provide ongoing product support and innovation.

When a company undergoes ownership change, customers and partners might sense some uncertainty, said Amy Barzdukas, chief marketing officer (CMO) at Polycom, based in San Jose, Calif. But, she added, Polycom has reached out extensively to business partners to reassure them about the vendor's vision and viability.

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