12.29.2015 - Logitech Creates New, Standalone Lifesize
NEWARK, Calif. & LAUSANNE, Switzerland
Logitech focuses on growing retail business; remains Lifesize shareholder
NEWARK, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--Logitech International (SIX:LOGN) (Nasdaq:LOGI) today announced that its
Lifesize division has separated from the Company to become Lifesize,
Inc., a private entity. Three venture capital firms – Redpoint Ventures,
Sutter Hill Ventures and Meritech Capital Partners – have invested $17.5
million into Lifesize and join Logitech as shareholders.
Logitech will hold a 37.5 percent share in the company, based on shares
outstanding immediately following the investment.
Editorial Contacts:Logitech InternationalJoe GreenhalghVice President, Investor Relations – USA510-713-4430orKrista ToddVice President, External Communications – USA510-713-5834orBen StarkieCorporate Communications – Europe+41-(0) 79-292-3499
Ticker: LOGN Exchange: SWX
Ticker: LOGI Exchange: NASDAQ
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