Logitech Buys Online Video Provider SightSpeed For $30 Million In Cash

Swiss computer peripherals manufacturer Logitech International is set to acquire SightSpeed, an online video tech and services provider for $30 million. The all cash deal — which adds both the video conferencing technology and the R&D team behind it to Logitech’s roster — is slated to close in early November. Berkeley, Calif.-based SightSeed was founded back in 2003, with technology that grew out of Cornell University’s Discover Lab. The company raised $1 million in its first round, led by The Roda Group, with participation from Cornell University’s BR Ventures. SightSpeed announced a deal to bundle its video chat platform into Dell’s new Studio laptops in June (via Reuters). Release.

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