Lifesize Splits from Logitech Continues Solo

Jan 15, 2016

IT Pro Portal | Sead Fadilpašić

Video collaboration technology provider Lifesize announced that it’s splitting from Logitech and continuing on its own, as an independent firm.

The new company has been backed by a couple of powerful venture firms, including Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners, which have invested $17.5 million (£12.2m) into the new Lifesize.

In a press release following the announcement, it was said that Logitech will “retain a meaningful interest in Lifesize moving forward.”

The company’s focus was on business video collaboration and the cloud – combining the two to meet the demands of today’s enterprise. Lifesize was acquired by Logitech in 2009 for $405 million (£282m) in cash and was, up until now, “Lifesize, a division of Logitech”. The company was founded in 2003 by Craig Malloy and Michael Kenoyer. Its focus was on bringing face-to-face communication to large distances, through video conferencing and telepresence. It was the first company to bring HD video to the market in 2005.