Lifesize Splits from Logitech, Reinvents Itself for SaaS Market

Jan 14, 2016

The VAR Guy | Michael Cusanelli

Lifesize, an Austin-based provider of video and web collaboration technology, has broken away from parent company Logitech (LOGI) as it works to make a new name for itself in the software as a service (SaaS) market.

Lifesize announced its plans to split from Logitech last month, after receiving $17.5 million in venture capital from a trio of Silicon Valley investment firms, including Red Hill Ventures, Sutter Hill Ventures and Meritech Capital Partners. Logitech will continue to invest in Lifesize, however.