Polycom, provider of telepresence, video and voice solutions, this morning announced that it has acquired ViVu, a privately- held video collaboration software company. The deal was signed last Friday, for undisclosed cash consideration, and Polycom expects the transaction to be neutral to earnings.
ViVu raised $3 million from Inventus Capital Partners, DFJ and Quest Venture Partners back in October 2009, followed by a strategic investement by chip maker AMD last June.
ViVu has developed software that can be embedded into Web applications such as enterprise, social, and vertical industry applications to enable instant web-based HD video collaboration.
Founded in 2008, the company currently has offices in Cupertino, California and Bangalore, India, and employs about 25 people. Clients include TIBCO and Thomson Reuters.
Here’s how Polycom pitches the acquisition of the company:
ViVu gives Polycom a fast-track to embed HD video into web-based applications through an OEM model, accelerating time-to-market and adoption of Polycom HD video collaboration solutions, and driving awareness of the Polycom brand powering video collaboration inside a wide range of applications.
Polycom will leverage ViVu technology in its RealPresence Platform, a software infrastructure suite for video collaboration.