Lifesize Announces Split from Logitech

Jan 14, 2016

Installation International | Duncan Proctor

Lifesize has confirmed it has split from Logitech and is once again operating as a fully independent company. Logitech will retain a meaningful interest in Lifesize moving forward, but the company has received backing from three Silicon Valley venture firms; Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners. With the new investment, Lifesize is focussed on winning new customers as a high-growth cloud-based video collaboration and meeting platform company.“No other company in the industry has Lifesize’s global distribution, channel relationships and unrivalled product differentiation,” said Jeff Brody, partner at Redpoint Ventures. “It is obvious to us that the enterprise-grade reliability coupled with its unique hardware advantage will keep fuelling the company’s remarkable growth. Redpoint has backed Craig in each of his last three ventures where he has pioneered every new and disruptive innovation in video collaboration. We are excited to support him once again in leading this next wave of cloud-based collaboration.”