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11.08.2007 - Logitech to Acquire WiLife, Creator of Award-Winning Video Solution for Home and Office Self-Monitoring



View Logitech-Press related news. FREMONT, Calif. and ROMANEL-SUR-MORGES, Switzerland, Nov. 8, 2007 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced that it is broadening its presence in the digital home with the acquisition of WiLife, Inc., which offers an affordable, easy-to-set-up, easy-to-use PC-based video solution for self-monitoring a home or smaller business. Logitech has entered into an agreement to acquire the privately held company, based in Draper, Utah, for approximately $24 million plus a possible performance-based payment, tied to reaching certain future revenue targets. The acquisition is subject to customary closing conditions and is expected to close by mid-November.

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NID: 18975 / Submitted by: The Spirit of Zuron
Categories: Press Release
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