Logitech acquires SightSpeed

Logitech pays close to $30 million in cash to acquire SightSpeed, a maker of cross-platform video calling software.

Logitech announced Tuesday that it has paid about $30 million in cash to acquire SightSpeed, a maker of cross-platform video chat and calling software. It's a logical acquisition for Logitech, which includes video cameras among its large portfolio of peripherals for PCs.

Berkeley, Calif.-based SightSpeed was founded in 2001 and has 25 employees. SightSpeed's video communications solution is based on the session initiation protocol (SIP) and offers 30 frame-per-second video and an integrated instant messaging service. SightSpeed supports 640 x 480 video windows at any speeds above 1.5 Mbps, multiparty conference calls and in-call file sharing. A free version is available and pricing for the SightSpeed Plus for consumers is $9.95 per month or $99.95 per year. Pricing for the more full-featured Business edition starts at $19.95 per user per month or $189.95 per year. The acquisition is expected to close next month.

About the author

Dan has more than 20 years of journalism experience. He has served as editor in chief of CBSNews.com, CNET News, ZDNet, PC Week, and MacWeek.

 

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