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Plantronics changes name to Poly after Polycom takeover
2019-03-18 11:42:00| Telecompaper Headlines
(Telecompaper) Plantronics announced it's changing its name to Poly, following its takeover of Polycom last year. Poly is meant to stand for 'many' and underline the breadth of endpoints offered by the company across unified communications and collaboration platforms.
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Plantronics to acquire Polycom for USD 2 billion
2018-03-28 15:45:00| Telecompaper Headlines
(Telecompaper) Plantronics has agreed to acquire Polycom for USD 2 billion, the same price the company was sold to private equity firm Siris Capital two years ago. The deal sees Plantronics expand its product portfolio into the video conferencing and collaboration market.
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Polycom to acquire VoiP firm Obihai Technology
2018-01-05 01:00:00| Total Telecom industry news
Polycom has announced a deal to acquire VoiP specialists Obihai Technology, according to a company statement. Obihai Technology is a key developer of software and hardware for VoIP endpoints. The strategic addition of the business will allow Polycom to compete more effectively in the global voice market…read more on TotalTele.com »
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Former Nokia exec McDowell named CEO of Polycom
2016-09-07 15:34:00| Telecompaper Headlines
(Telecompaper) Polycom's new owner Sisis Capital has proposed its partner Mary McDowell as the new CEO of the videoconferencing specialist. Pending the closing of the takeover, expected in the next month, McDowell will replace Peter Leav as CEO. Prior to working as an Executive Partner at Siris Capital, McDowell was the EVP, Mobile Phones at Nokia, where she held global P&L responsibility for the feature phone business and associated software and digital services. She joined Nokia in 2004 to lead the Enterprise Solutions business and later served as Chief Development Officer.
Polycom accepts USD 2 bln bid from Siris
2016-07-08 15:29:00| Telecompaper Headlines
(Telecompaper) Polycom said it has terminated its previously announced USD 1.96 billion merger agreement with Canada's Mitel Networks and accepted one from Siris, for USD 12.50 per share in cash, or a total of USD 2 billion, including debt. A report had earlier noted the company received a higher offer from an unidentified private equity firm. Polycom will pay the requisite termination fee and then enter into a new merger agreement with Siris, previously described as "Sponsor 1" in Polycom's filings with the US Securities and Exchange Commission.