Polycom acquires Accordent Technologies
Polycom has announced the acquisition of Accordent Technologies for approximately $50 million. Polycom expects this acquisition to be neutral to earnings in 2011 and slightly accretive to earnings in 2012.
"Polycom is committed to delivering an innovative, flexible and world-class video communications solution to customers over the entire content lifecycle - from real-time to capture, to management, to delivery," said, Sudhakar Ramakrishna, Polycom Chief Development Officer. "We believe Accordent has the most elegant video content management solution on the market and by leveraging customer, channel, partner and product synergies with Polycom, this transaction positions Polycom at the forefront of end-to-end video and content management We welcome Accordent's customers and employees to the Polycom team."
The Accordent solution provides capture solutions for all major video use cases, whether delivering highly scalable live webcasts from the studio, providing automated rich media webcasting from the meeting or classroom, adding a streaming extension to videoconferences or enabling user-generated content from the desktop. According to data from market research firm Wainhouse Research, this acquisition immediately expands Polycom's total available market by $500 million and, for this video management segment, this market is projected to generate a compounded annual growth rate of 32% through 2014 to $1.2 billion. As a strategic partner with Microsoft, Accordent strengthens and further differentiates Polycom's deep native integration with Microsoft Lync and Sharepoint.
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