Logitech News

The video conferencing application and service, LifeSize Communications, was a privately held company in Austin, Texas.A Boasting more than 9,000 clients across 80 countries, the site's high definition video conferencing caught the eye of Logitech International .

Videoconferencing firms BT, Polycom, Logitech, LifeSize Communications, Cisco, and Tandberg all have either made deals or are in negotiations.

A Huntington, Beach, Calif.-based provider of integrated telepresence and video conferencing solutions, said Logitech International's proposed acquisition of LifeSize is good news for the growing telepresence industry.

In a move to break into the videoconferencing market, Logitech International has agreed to buy LifeSize Communications, a startup that makes high-definition videoconferencing equipment, for $405 million in cash.

Logitech announced that it has won seven 2010 CES Innovations awards for excellence in design and engineering.

Logitech International SA, a maker of mice, webcams and other computer peripherals, said Tuesday it agreed to buy video conferencing company LifeSize Communications for $405 million.

Manufacturer of personal computer peripherals Logitech International on Wednesday reported net income of USD21m or USD0.11 per share for the second quarter of fiscal year 2010, compared to USD72m or USD0.39 per share in the same quarter last year.

FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland-- --Logitech International today announced that Erik K. Bardman, age 42, will join the company as the senior vice president of finance and chief financial officer, effective Oct.

FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland -- -- Logitech International today announced financial results for the first quarter of Fiscal Year 2010.