Polycom announces Acquisition of ViVu Inc.

Polycom has announced the acquisition of ViVu Inc. 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. 

The acquisition reinforces Polycom's software strategy (announced Sept. 14th) and is expected to be a key enabler for Polycom to continue to provide customers with the highest quality and scalable video collaboration solutions across the broadest range of business, video, mobile and social networking applications. Polycom will leverage ViVu technology in the Polycom Real Presence Platform.  

"ViVu is a compelling acquisition for Polycom as their technology provides a scalable architecture to quickly deploy rich video collaboration for a range of web-based applications for social,business and industry-specific applications, such as those for healthcare, finance and customer service," said Sudhakar Ramakrishna, executive VP and GM, UC solutions and chief development officer, Polycom.

"ViVu is excited to join Polycom as we both believe in the power of video collaboration to increase productivity and improve communications and collaboration. I'm confident that ViVu's technology will thrive and grow in the future, as a result of Polycom's leadership in UC and video collaboration, power of distribution channels and the breadth of its customer reach within the enterprise market and beyond," said Sudha Valluru, founder and CEO, ViVu.

This transaction was signed and closed on October 14, 2011, for undisclosed cash consideration and Polycom expects the transaction to be neutral to earnings.