Summary:

Swiss computer peripherals manufacturer Logitech International is set to acquire SightSpeed, an online video tech and services provider for…

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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