M&A Deal Summary

Polycom Acquires Picturetel

On May 24, 2001, Polycom acquired technology hardware company Picturetel for 362M USD

Acquisition Highlights
  • This is Polycom’s 2nd transaction in the Technology Hardware sector.
  • This is Polycom’s largest (disclosed) transaction.
  • This is Polycom’s 5th transaction in the United States.
  • This is Polycom’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2001-05-24
Target Picturetel
Sector Technology Hardware
Buyer(s) Polycom
Deal Type Add-on Acquisition
Deal Value 362M USD
Advisor(s) Bowen Advisors Inc. (Financial)

Target

Picturetel

Andover, Massachusetts, United States
website
Picturetel Corp. develops, manufactures and markets a full range of visual-and audio-collaboration and streaming-video solutions. PictureTel’s PC-based systems meet customers’ collaboration needs from the desktop to the boardroom.

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Buyer(S) 1

Buyer

Polycom

San Jose, California, United States

website

Category Company
Founded 1990
Sector Information Technology
Employees3,451
Revenue 1.1B USD (2017)
DESCRIPTION
Polycom office in Santa Clara, California.
Polycom office in Santa Clara, California.

Polycom, Inc. is a provider in open standards-based unified communications and collaboration (UC&C) solutions for voice and video collaboration. Polycom solutions are powered by the Polycom RealPresence Platform, comprehensive software infrastructure and rich APIs that interoperate with the broadest set of communication, business, mobile and cloud applications and devices to deliver secure face-to-face video collaboration in any environment. Polycom was formed in 1990 and is based in San Jose, California.

DEAL STATS #
Overall 5 of 16
Sector (Technology Hardware) 2 of 3
Type (Add-on Acquisition) 5 of 15
State (Massachusetts) 1 of 2
Country (United States) 5 of 14
Year (2001) 3 of 4
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-01 Circa Communications

Bloomingdale, Illinois, United States

Circa Communications LLC is a VOIP company offering phone service for business and individuals.

Buy $99M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-04 Atlanta Signal Processors

Atlanta, Georgia, United States

Atlanta Signal Processors, Inc. (ASPI Digital) is a manufacturer of products for the installed voice systems market.

Buy $5M
Mergr

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