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TMCNet:  Venture capital firms to sell LifeSize Communications to Logitech International

[November 11, 2009]

Venture capital firms to sell LifeSize Communications to Logitech International

Nov 11, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- 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.

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