M&A Deal Summary

Poly Acquires Polycom

On March 28, 2018, Poly acquired information technology company Polycom from Siris Capital Group for 2.0B USD

Acquisition Highlights
  • This is Poly’s 2nd transaction in the Information Technology sector.
  • This is Poly’s largest (disclosed) transaction.
  • This is Poly’s 4th transaction in the United States.
  • This is Poly’s 2nd transaction in California.

M&A Deal Summary
Date 2018-03-28
Target Polycom
Sector Information Technology
Buyer(s) Poly
Sellers(s) Siris Capital Group
Deal Type Add-on Acquisition
Deal Value 2.0B USD
Advisor(s) Moelis & Co.
Macquarie Capital (Financial)
Sidley (Legal)

Target

Polycom

San Jose, California, United States
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.

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Buyer(S) 1

Buyer

Poly

Santa Cruz, California, United States
Category Company
Founded 1961
Sector Technology Hardware
Employees8,200
Revenue 1.7B USD (2021)
DESCRIPTION
Plantronics' corporate headquarters in Santa Cruz, California.
Plantronics' corporate headquarters in Santa Cruz, California.

Poly is a designer, manufacturer, and marketer of headsets and wireless communications products. Poly MeetingAI delivers a broadcast-quality video conferencing experience with Poly DirectorAI technology which uses artificial intelligence and machine learning to deliver real-time automatic transitions, framing, and tracking, while NoiseBlockAI and Acoustic Fence technologies block out unwanted background noise. Poly was founded in 1961 and is based in Santa Cruz, California.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (California) 2 of 2
Country (United States) 4 of 4
Year (2018) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-02 Altec Lansing Technologies

Milford, Pennsylvania, United States

Altec Lansing Technologies, Inc. designs, manufactures and markets digital powered audio systems, speakers and stereo headphones for use with computers and portable audio devices.

Sell $16M

Seller(S) 1

SELLER

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $250 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.

DEAL STATS #
Overall 4 of 9
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 3 of 8
State (California) 1 of 2
Country (United States) 4 of 8
Year (2018) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-28 Poly

Santa Cruz, California, United States

Poly is a designer, manufacturer, and marketer of headsets and wireless communications products. Poly MeetingAI delivers a broadcast-quality video conferencing experience with Poly DirectorAI technology which uses artificial intelligence and machine learning to deliver real-time automatic transitions, framing, and tracking, while NoiseBlockAI and Acoustic Fence technologies block out unwanted background noise. Poly was founded in 1961 and is based in Santa Cruz, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-21 Web.com

Jacksonville, Florida, United States

Web.com is a provider of website-building tools, services, and internet solutions. The company offers a comprehensive suite of website design, customer support, and technology platforms tailored to the needs of the small and medium-sized businesses. Additionally,Web.com Group partners with enterprise companies to help these partners build stronger, more profitable relationships with their business customers. Web.com was formed in 1997 and is headquartered in Jacksonville, Florida.

Buy $2.0B
Mergr

Product

Company

Legal