Swiss-owned hardware manufacturer Logitech padded out the software side of its operation on Wednesday with the acquisition of SightSpeed, a company that offers video conferencing applications. The company laid out approximately $30 million in cash to seal the deal, which will wrap up after customary closing conditions in November.
“With this acquisition, we are significantly augmenting our current video R&D resources to help us move more quickly toward our goals for video services that complement the way people socialize, communicate and enjoy entertainment,” said Junien Labrousse, executive vice president of Logitech’s Products group, in a statement.
