Video Collaboration Software Maker ViVu Acquired By Polycom

Polycom , provider of telepresence, video and voice solutions, this morning announced that it has acquired ViVu , a privately- held video collaboration software company. The deal was signed last Friday, for undisclosed cash consideration, and Polycom says it expects the transaction to be neutral to earnings. ViVu had raised $3 million from Inventus Capital Partners, Draper Fisher Jurvetson and Quest Venture Partners back in October 2009, followed by a strategic investement by chip maker AMD last June.
vivu

Polycom, provider of telepresence, video and voice solutions, this morning announced that it has acquired ViVu, a privately- held video collaboration software company. The deal was signed last Friday, for undisclosed cash consideration, and Polycom says it expects the transaction to be neutral to earnings.

ViVu had raised $3 million from Inventus Capital Partners, Draper Fisher Jurvetson and Quest Venture Partners back in October 2009, followed by a strategic investement by chip maker AMD last June.

Founded in 2008, ViVu has developed software that can be embedded into Web applications such as enterprise, social, and vertical industry applications to enable instant web-based HD video collaboration.

Here’s how Polycom pitches the acquisition of the company:

ViVu gives Polycom a fast-track to embed HD video into web-based applications through an OEM model, accelerating time-to-market and adoption of Polycom HD video collaboration solutions, and driving awareness of the Polycom brand powering video collaboration inside a wide range of applications.

Polycom will leverage ViVu technology in its RealPresence Platform, software infrastructure for video collaboration.


CrunchbaseCompany:ViVuWebsite:vivu.tvLaunch Date:October 17, 2011Funding:$3M

ViVu delivers smarter videoconferencing solutions for global communications. The company’s browser-based video platform is easy-to-use, affordable and requires zero download – within minutes, people can videochat and share their desktops with small teams or up to thousands of people at once. Fortune 500 companies trust ViVu to power a better online meeting experience than legacy players. ViVu is compatible with PCs, Macs, Linux, mobile devices and the iPad. Go to www.vivu.tv to learn more about smarter videoconferencing.

Learn more
Company:PolycomWebsite:polycom.com

Polycom is the global leader in telepresence, video, and voice solutions and a visionary in communications that empower people to connect and collaborate everywhere.

Learn more


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.