Polycom
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Public (NASDAQ: PLCM) (Acquisition by Siris Capital Group pending) |
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| Industry | Telecommunication |
| Founded | 1990 |
| Headquarters | San Jose, California, U.S. |
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Key people
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CEO: Mary T. McDowell EVP: Michael Frendo |
| Products | Collaboration, video, voice and content, teleconference, telecommunications, telepresence and infrastructure software, hardware and services |
| Revenue |
 US$1.5 billion (2011) |
| US$136 million (2011) | |
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Number of employees
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3,800 |
| Website | www |
Polycom is an American multinational corporation that develops video, voice and content collaboration and communication technology. The firm employs approximately 3,800 employees and had annual revenues of approximately $1.4 billion in 2013. It is the largest pure-play collaboration company in its industry. The company also licenses: H.264 video codecs, Siren codecs, , native 1080p high-definition cameras and displays, native 720p and 1080p high-definition encoding/decoding, low-latency architecture and low bandwidth utilization, wideband advanced audio coding with low delay (AAC-LD), multichannel spatial audio with echo cancellation and interference filters to eliminate feedback from mobile devices, and inter-operation with legacy video conferencing. In July 2016, it was announced that the company was being taken private by private equity firm Siris Capital Group.
Polycom was co-founded in 1990 by Brian L Hinman and Jeffrey Rodman, who were colleagues at PictureTel Corp. In 2016, telecommunications executive Mary McDowell was named as its chief executive officer.
Polycom's development occurred both by internal means, and by the acquisition of other companies.
Note : 1 June 2011 – HP and Polycom, announced they have entered into a definitive agreement under which Polycom will acquire the assets of HP's Visual Collaboration (HPVC) business, including the Halo Products and Managed Services business of HPVC.
On April 15, 2016, Polycom announced that rival Mitel Networks would purchase them, for $1.96 billion. Mitel, a smaller company based in Ottawa, Canada, pays a lower tax rate. The acquisition may be an example of tax inversion, where a smaller company purchases a larger company in order to provide the combined larger corporate entity with the tax benefits of the smaller company's location.
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Wikipedia