Polycom Acquires Accordent Technologies

Polycom, Inc., the unified communications (UC) company, has announced the acquisition of Accordent Technologies, Inc., a provider of video content management and delivery solutions, for approximately $50 million in cash. Polycom expects this acquisition to be neutral to earnings in 2011 and slightly accretive to earnings in 2012.

The acquisition will empower Polycom in the Video Content Management and Delivery market by integrating Polycom’s open standards UC Intelligent Core and UC endpoints with Accordent’s open standards video content management solution. The Accordent solution provides capture solutions for all major video use cases, whether delivering highly scalable live webcasts from the studio, providing automated rich media webcasting from the meeting or classroom, adding a streaming extension to videoconferences or enabling user-generated content from the desktop.

“Polycom is committed to delivering an innovative, flexible and world-class video communications solution to customers over the entire content lifecycle – from real-time to capture, to management, to delivery,” said Sudhakar Ramakrishna, Chief Development Officer, Polycom. “We believe Accordent has the most elegant video content management solution on the market and by leveraging customer, channel, partner and product synergies with Polycom, this transaction positions Polycom at the forefront of end-to-end video and content management. We welcome Accordent’s customers and employees to the Polycom team.”

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“From our first meeting with Polycom, we shared a common vision about the future of unified collaboration and the paradigm shift in the way people communicate and work,” said Mike Newman, former Accordent Chief Executive Officer. “By integrating Accordent’s video content management solutions with Polycom’s unparalleled end-to-end video solution, we believe we can make this vision a reality as we harness the natural synergies between our two companies.”