Polycom To Acquire Wireless Telephony Company SpectraLink
- Industry News & Latest Trends
- 13 Nov, 2019
Polycom announced plans to acquire SpectraLink, a Boulder, Colorado-based workplace wireless technology company. The terms are $220 million — Polycom will purchase all of the outstanding shares of SpectraLink for $11.75 per share. The acquisition is expected to be complete in the second calendar quarter.
“The SpectraLink acquisition extends Polycom’s leading IP-based collaboration solution to the rapidly-growing mobility environment,” stated Robert Hagerty, Chairman and CEO of Polycom. “Our customers are demanding wireless solutions in the enterprise and in the vertical markets we serve. Leveraging our proven strength in Polycom voice over IP (VoIP) solutions, we believe this combination yields the key strategic synergy of uniquely positioning Polycom as the only independent provider of both fixed and mobile solutions that seamlessly encompass voice, video, and data collaboration solutions from the desktop, to the meeting room, to the mobile individual.”