Polycom has announced the signing of a merger agreement to acquire Obihai Technology, a San Jose-based manufacturer of VoIP audio products.
Obihai Technology develops software and hardware for VoIP endpoints. The strategic addition of software and development team
allows Polycom to compete more effectively in the global voice market and broadens Polycom’s portfolio to include
complementary technologies for the service providers and customers of all sizes.
The pending agreement demonstrates Polycom’s focus on
expanding the availability of Polycom desktop phones to a broader range of customers and partners. The planned move
also underscores Polycom’s commitment to the global network of service providers for VoIP solutions.
Mary McDowell, Polycom
CEO said, "Looking ahead to 2018 and beyond, the addition of Obihai will immediately open new markets and
revenue opportunities for Polycom. The combined development team will enable Polycom to bring our great products to customers
faster."
After completion of the deal, Polycom expects to add more cloud-based capabilities and Analog Terminal
Adapter solutions to its portfolio.
The deal is expected to close early in first quarter of this year.