Tuesday, 03 July 2018 19:02

Plantronics completes acquisition of Polycom

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Plantronics completes acquisition of Polycom Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Communications and audio solutions provider Plantronics has completed its acquisition of Polycom, with plans to accelerate and expand its portfolio of services.

Under the terms of the acquisition, Plantronics acquired Polycom at a US$2.0 billion enterprise value with the total consideration consisting of approximately US$1.638 billion in cash and 6.352 million Plantronics shares.

Completion of the deal sees Triangle Private Holdings II — which was Polycom’s sole shareholder — owning approximately 16.0% of Plantronics.

“We are pleased that Plantronics and Polycom are moving ahead as one company focused on putting people at the centre of every collaboration experience,” said Joe Burton, Plantronics’ president and chief executive.

“Plantronics now offers an unparalleled portfolio of integrated, intelligent solutions that spans headsets, software, desk phones, audio and video conferencing, and cloud services. This combined offering empowers people with the tools and flexibility they need to create the best experience when connecting to what is most important to them.”

Completion of the transaction will see Frank Baker, co-founder and managing partner, Siris Capital Group — an affiliate of Triangle Private Holdings — and Daniel Moloney, executive partner, Siris Capital Group, appointed to Plantronics board of directors.   

“The combination of Plantronics and Polycom comes at a critical time when customers are searching for high-quality audio and video solutions that are easy to buy, easy to use, and easy to manage,” said Ira Weinstein, founder, Recon Research.

“The company’s offerings work with on-premises, cloud (service provider) and hybrid platforms, giving customers the flexibility to choose their deployment method and cloud migration timing.  In addition, its global channel and technology partner ecosystem fosters both innovation and global reach. We’re expecting great things in the future from the new and expanded Plantronics.”

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Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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