The company has separated from its LifeSize division and now owns a stake of only 37.5%. The three venture companies, Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners, have invested around US$17.5m into the business division. The total value of the business is US$28m. Logitech's management had been looking for a strategic partner for almost two years. The LifeSize business (video conferencing) was no longer core. Total estimated revenues should reach US$66m (excluding the
04 Jan 2016
LifeSize with new shareholders
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LifeSize with new shareholders
Logitech International S.A. (LOGIN:MEX) | 0 0 0.0%
- Published:
04 Jan 2016 -
Author:
Heinz Steffen -
Pages:
2
The company has separated from its LifeSize division and now owns a stake of only 37.5%. The three venture companies, Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners, have invested around US$17.5m into the business division. The total value of the business is US$28m. Logitech's management had been looking for a strategic partner for almost two years. The LifeSize business (video conferencing) was no longer core. Total estimated revenues should reach US$66m (excluding the