HD video conferencing and collaboration pioneer LifeSize is growing at a healthy rate since its acquisition by Logitech. Founded in 2003, and acquired by Logitech in 2009, the company's sales increased by 34 percent in the first quarter of the company's fiscal year (ending June 2011), compared to the same period last year.
LifeSize continues to grow and is successfully carving a niche for itself in the unified communications and collaboration market. The company made a name for itself with the introduction of the first true HD quality endpoint solutions for video conferencing in the market. In 2009, LifeSize added to its arsenal of products to compete with larger players in the market such as Cisco Systems.
Since the acquisition, Logitech's investment in the company has paid off. LifeSize now operates as a separate division within the larger peripheral products company. Analysts expect the company's revenues to grow two to three times faster than the video conferencing market overall.
LifeSize offers a full breadth of products to deliver a complete, end-to-end solution for video conferencing. Products originally included only solutions for conference room endpoints and related infrastructure. However, this year Logitech acquired a company named Mirial, complementing LifeSize's existing portfolio with personal and mobile video conferencing solutions, allowing LifeSize to offer open, interoperable video collaboration solutions to more customers, whether on a personal computer or mobile device.
At a time when companies are increasingly looking at ways to reduce costs such as travel and meeting expenses, the future for using life-like video conferencing any time, anywhere, and on any device certainly looks bright. For more information, visit http://www.lifesize.com or contact us to find out more.