Lifesize, a US-based high definition audio and video enabler, on Tuesday (February 23) announced their split from Swiss firm Logitech and will now function independently.
Backed by $17.5 million funding from three Silicon Valley venture firms, the company is focusing on new customers as a high-growth cloud-based video collaboration and meeting platform company and also targeting the $7 billion global conferencing market head-on.
Lifesize, a B2B solution, is transforming itself to address the evolving video collaboration through the launch of its cloud-based video collaboration service and the industry’s first integrated approach to connected cameras and HD phones.
"This is an exciting step for Lifesize and is the result of the tremendous work we have done to create a unique offering in the video conferencing and collaboration space," said Craig Malloy, CEO and founder of Lifesize.
We have a 12-year heritage of leadership and industry innovation and a strong executive team in place. Standing as an independent company will allow us to invest more meaningfully in our product roadmap and be more responsive to the market and our customers, which puts Lifesize on a path for impressive growth and success, Craig added.
Currently, the company has over 100 customers in India and 2500 globally. It is also offering a free trial period of 14 days.
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Haider Ali Khan is an alumnus of IIMC. He holds a degree in English Journalism from the prestigious campus. His passion includes Aviation, Technology, Politics and Sports.
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