Headset maker and audio accessories manufacturer Plantronics (NYSE:PLT), have today announced that they will buy Polycom (NASDAQ:PLCM) in a $2 Billion deal, 2 years after the Video Conferencing manufacturer was acquired by Siris Capital.
Plantronics and Polycom have announced that they have entered into a definitive agreement under which Plantronics will acquire Polycom in a cash and stock transaction valued at $2 Billion, which has been unanimously approved by the board of directors within both companies.
The deal is expected to close by the end of the third calendar quarter of 2018.
“With the addition of Polycom’s solutions across video, audio and collaboration we will be able to deliver a comprehensive portfolio of communications and collaboration touch points and services to our customers and channel partners. This will put Plantronics in an ideal position to solve for today’s enterprise collaboration requirements while capitalizing on market opportunities associated with the evolving, intelligent enterprise.”
– Joe Burton, President and CEO, Plantronics
With the acquisition of Polycom comes strategic rationale:
- Accelerate Plantronics Strategy of delivering new communication and collaboration experiences
- More ammunition to conquer the crowded UC and collaboration market
- Broadened Portfolio
- Expanded Market Opportunity
- Augmented Services Business
“Bringing Plantronics and Polycom together will broaden the breadth of solutions available to customers and partners and create a consistent end-user experience across many collaboration applications and devices. As one company, Plantronics and Polycom will make it even easier for all customers to solve big-business problems through human-to-human connections.”
– Mary McDowell, CEO, Polycom
Plantronics is an audio pioneer and a global leader in the communications industry. Through creating intelligent and adaptive solutions to support customers’ needs: experiencing and facilitating clear and simple communications within distraction-free environments. Plantronics solutions are used worldwide by both individuals and businesses, and are an optimal choice for open plan offices. From UC to data analytics and Bluetooth headsets, Plantronics delivers high quality solutions, whilst relentlessly innovating on behalf of customers futures. For more information visit Plantronics.com.
More than 400,000 companies and institutions worldwide utilise secure video, voice and content collaboration solutions from Polycom to increase productivity, speed time to market, provide better customer service, expand training and save lives. Polycom and its global channel provide flexible collaborative solutions for all business and industry environments that deliver simple and the highest quality user experience, the broadest interoperability and excellent investment protection. Visit www.Polycom.com or get in touch with VideoCentric, Polycom’s UK Video Conferencing Integrator today on 0118 214 2300.
Find out more
- Find out more about Polycom and Polycom Solutions
- Read the Plantronics News Announcement
- Read “The 4 Elements of Next Generation Communications” Whitepaper