POLYCOM TO DIVEST ITS ENTERPRISE WIRELESS VOICE SOLUTIONS BUSINESS
Polycom, Inc. (Pleasanton CA), has announced a definitive agreement to divest its enterprise wireless voice solutions business to an affiliate of Sun Capital Partners, Inc., for gross proceeds of about $110 million in cash, subject to certain adjustments set forth in the agreement. The sale is expected to close within the third quarter of 2012, following the satisfaction of regulatory requirements and other customary closing conditions. Polycom’s Board of Directors has approved an increase in its current share repurchase authorization to include net proceeds of about $104 million from this transaction, contingent upon the sale of the enterprise wireless voice solutions business and receipt of the net proceeds from the sale.
“Polycom has evolved rapidly over the last 18 to 24 months, and taken actions designed to capture and lead the fast-growing video collaboration market through traditional and new delivery platforms, including mobile, social and cloud. The sale of our wireless handset business is a further step toward focusing our product and technology portfolio on our core unified communications and video collaboration solutions, including extending the reach of the Polycom RealPresence Platform,” said Andy Miller, Polycom President/CEO. “The closing of this transaction will allow Polycom to concentrate on initiatives that support our vision of making video collaboration ubiquitous through open, standards-based software delivered to anyone, across any environment and device. Moreover, the divestiture of the enterprise wireless voice solutions business will allow us to focus on the stronger sales growth and higher gross margins of Polycom’s core unified communications business.”
According to the company, this strategic decision to divest the wireless voice business reflects its focus on initiatives that extend the company’s leadership in its unified communications business. Polycom’s enterprise wireless voice portfolio, which is part of the UC personal product category, includes WiFi and DECT handsets, related infrastructure and accessories, and generated revenues of about $94 million in calendar year 2011.
“This is a logical next step for our business and a strategic decision that should enable the wireless voice organization to flourish as a standalone company,” continued Miller. “Polycom has selected Sun Capital because of its commitment to support Polycom’s wireless handset partners and customers, as well as its strong operational expertise, particularly in corporate divestitures that require seamless transfers of significant business operations.”
“This is a good and not surprising move for Polycom, as it allows them to concentrate their energy and resources on the core, strategic components of their business in order to drive further innovation and adoption of video collaboration,” said Rich Costello, IDC Senior Research Analyst.
INDUSTRY VETS LAUNCH FiROBO CORPORATION
A group of AV and IT industry veterans led by David Robbins (former integrator and Klipsch regional sales manager) and Douglas Bowman (more than 15 years in IT network deployment and management for Fortune 500 companies), has launched FiROBO Corp. (McKinney TX) to provide to residential and commercial AV integrators enterprise-level managed network solutions that are easy to install, maintain, expand and support. The result, they report, is increased productivity, increased profitability and peace of mind for all stakeholders in the value chain.
“We formed FiROBO to address the unique needs of the AV integrator in an IT world,” commented Robbins. “The growth in complex networked entertainment and automation systems has been driving the demand for enterprise-level managed backbone IP networks. However, design, deployment and remote management of those networks is a challenge for AV integrators. FiROBO’s products and services provide the ultimate solution.”
|

It’s Guaranteed To Overheat Your Display. We Guarantee It Won’t
Your LCD not only needs to look cool, it needs to stay cool. With over 27 years of experience, ITSENCLOSURES has the proven track record to guarantee LCDs will withstand any environment. Our line of ViewStation LCD enclosures protect against rain, snow, extreme heat, frigid temperatures, theft and even the teenage vandal. From stadium to transportation terminal to drive-thru, ViewStation offers customized solutions for any display – large or small, inside or out. And each unit is installed by trained experts, made in the USA and comes with unparalleled customer support. To learn how we can help you, call 1.800.423.9911 or visit ViewStation.com.
|
INFOCOMM OPENS REVIEW OF DRAFT ENERGY MANAGEMENT STANDARD
InfoComm International (Fairfax VA) has opened the public review and comment period for the proposed draft standard, INFOCOMM 4: 2012 DS1, Audiovisual Systems Energy Management, which addresses power consumption management of AV systems. Although there is no requirement for a specific percentage of energy reduction, the Standard requires preparation of an energy management plan that will assist users in formulating their energy reduction goals by requiring baseline measurements; automation; ongoing monitoring, measurement and analysis; and education/training for owners and users of the AV systems. The Standard addresses power consumption requirements of the AV system as a whole, while allowing the user of the Standard flexibility in system design, as well as selection of individual components.
This public review process is being administered in accordance with the ANSI Accredited Standards Developer process. Commenting procedures and the draft standard are available at www.infocomm.org/standards. Comments are encouraged. The review period will remain open until June 4, 2012.
|
TRIPP LITE ACQUIRES MINICOM ADVANCED SYSTEMS
Tripp Lite (Chicago IL) has acquired Minicom Advanced Systems (Linden NJ). Established in 1922, Tripp Lite is a manufacturer of power products and related items for the IT and telecom markets.
According to Rami Sasson, Executive Vice President, Sales, North America, Minicom Advanced Systems, “We...want to assure you that the Minicom products you have purchased in the past will continue to be sold through Tripp Lite and your preferred reseller with no changes. Sales Administration and Logistics are moving to Tripp Lite HQ in Chicago, so we anticipate the logistics transition will be swift and easy. Ivo Petrov (888.486.2154 x12) has joined Tripp Lite, applying his impressive application skills to handle all pre and post-sales technical support for Minicom products as he has in the past. The Minicom R&D team remains intact and will now have more resources to continue our product development path of bringing more innovative products and solutions to market at an accelerated rate.”
|