March 23, 2011
Polycom Picks Up Accordent in $50 Million Deal
By Chris DiMarco, TMCnet Web Editor
Videoconferencing and telecommunication equipment provider Polycom announced today that it has purchased Accordent Technologies for $50 million. Accordent’s competencies exists primarily in the realm of capture solutions with the ability to deliver video from production environments as complex as a studio or as simple as the camera built into your iPad.
Accordent’s acquisition will allow Polycom (News - Alert) to remain effective in a communications environment increasingly dependent on video traffic. In the press release that accompanied this announcement, firm Wainhouse (News - Alert) Research stated that this acquisition will immediately expands Polycom's total available market by $500 million. With the video distribution expected to expand so drastically over the next several years, the deal will also be compounded by an annual growth rate of 32 percent through 2014 to $1.2 billion.
"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, Polycom chief development officer. "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."
Adding the Accordent toolset to its already well-defined portfolio of business tech solutions will also give Polycom increased penetration in the UC space. Coming from a partnership with Microsoft (News - Alert), Accordent strengthens and further differentiates Polycom's already deep integration with Microsoft Lync and Sharepoint.
Employees of the El Segundo, Calif.- based Accordent will remain in Southern California reporting to Polycom's UC research and development organization. Polycom also announced this week that it will move its headquarters and around 150 jobs, from Pleasanton Calif. to the South Bay, perhaps in anticipation of the new hires.
Chris DiMarco is a Web Editor for TMCnet. He holds a master's degree in journalism from Quinnipiac University. Prior to joining TMC (News - Alert) Chris worked with e-commerce provider Suresource as a contact center representative and development analyst. To read more of his articles, please visit his columnist page.