Logitech Spins Off Videoconferencing Division To Focus on Retail Business
Logitech spun off its Lifesize videoconferencing division into a private entity to focus on its retail business, it said Tuesday. Three investors -- Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners -- plugged $17.5 million into Lifesize and join…
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Logitech as shareholders. Logitech will own 37.5 percent of the videoconferencing company. Logitech said the spinoff of Lifesize was part of its transformation to a “simpler, faster” company. It will separate Lifesize from its financials beginning with Q4 of fiscal 2016.