M&A Deal Summary

Polycom Acquires Accord Networks

On February 28, 2001, Polycom acquired technology hardware company Accord Networks for 339M USD

Acquisition Highlights
  • This is Polycom’s 1st transaction in the Technology Hardware sector.
  • This is Polycom’s 2nd largest (disclosed) transaction.
  • This is Polycom’s 3rd transaction in the United States.
  • This is Polycom’s 1st transaction in Georgia.

M&A Deal Summary

Date 2001-02-28
Target Accord Networks
Sector Technology Hardware
Buyer(s) Polycom
Deal Type Add-on Acquisition
Deal Value 339M USD

Target

Accord Networks

Atlanta, Georgia, United States
Accord Networks Ltd., is a voice and video infrastructure company.

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Buyer(S) 1

Buyer

Polycom

San Jose, California, United States

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 3 of 16
Sector (Technology Hardware) 1 of 3
Type (Add-on Acquisition) 3 of 15
State (Georgia) 1 of 2
Country (United States) 3 of 14
Year (2001) 1 of 4
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-23 Atlas Communication Engines

Santa Barbara,, California, United States

Atlas Communication Engines, Inc.,is a OEM supplier of integrated access devices (IADs) and digital subscriber line (DSL) routers.

Buy -
FOLLOWING 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