Global Consumer Electronics Brand Plantronics Acquires Polycom for US$ 2 billion

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As a merged entity, Plantronics eyes to promote the power of communication and collaboration while catering to customers’ needs as well

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Earlier this month, global consumer electronics firm Plantronics declared that it has acquired Polycom – a premiere in the video, voice and content solutions, by spending US$2 billion. Reportedly, the company spent around US$ 1.638 billion in cash and US$ 6.352 in Plantronics shares.

Aim to enhance and expand Plantronics’ vision

In an official statement, the company said that the acquisition is part of its strategy to enhance and expand its vision in a way that it can deliver the broadest portfolio of endpoints in the Unified Communications and Collaboration (UCC) ecosystem.

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Joe Burton, Plantronics’ President and Chief Executive Officer (CEO) said that they are “pleased that Plantronics and Polycom are moving ahead as one company.” He added, “This combined offering empowers people with the tools and flexibility they need to create the best experience when connecting to what is most important to them.”

Polycom’s varied portfolio will offer a premium experience

The merger will help Plantronics offer premium experience to its customers irrespective of the UCC solutions they opt for. This is even more helpful because these days communication trends are moving more towards open workspaces and flexible work arrangements, which in turn is contributing to the expansion of devices and ecosystems.

Burton stated, “Together as one company, with teams in Asia-Pacific and throughout the world, we will continue to put people’s needs at the centre and boost the power of communication and collaborations.”

 

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