Polycom, Inc. has announced the signing of a merger agreement to acquire Obihai Technology, Inc., a San Jose-based innovator in VoIP audio solutions, the company said.
Obihai Technology develops software and hardware for VoIP endpoints. The strategic addition of their best-in-class software and talented development team allows Polycom to compete more effectively in the global voice market and broadens Polycom´s portfolio to include complementary technologies for the service providers and customers of all sizes.
The pending agreement demonstrates Polycom´s focus on expanding the availability of high-quality Polycom desktop phones to a broader range of customers and partners. The planned move also underscores Polycom´s commitment to the global network of service providers for VoIP solutions.
After completion of the deal, Polycom expects to add more cloud-based capabilities and Analog Terminal Adapter solutions to its solutions portfolio. The combination is expected to expand the markets available to Polycom solutions for both the company and its worldwide network of channel partners.
The deal is expected to close early in first quarter of this year.
Polycom helps organizations unleash the power of human collaboration. More than 400,000 companies and institutions worldwide defy distance with secure video, voice and content solutions from Polycom to increase productivity, speed time to market, provide better customer service, expand education and save lives. Polycom and its global partner ecosystem provide flexible collaboration solutions for any environment that deliver the best user experience, the broadest multi-vendor interoperability and unmatched investment protection. Visit www.polycom.com.