New Delhi: Lifesize — a US-based video and audio telecommunications company that provides high definition videoconferencing endpoints and accessories — on Tuesday announced that it has split from Swiss computer peripheral company Logitech.
Now operating as a fully independent company, Lifesize is backed by $17.5 million funding from three Silicon Valley venture firms and is focused on bolstering business as a high-growth cloud-based video collaboration and meeting platform company.
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,” Craig Malloy, CEO and founder of Lifesize, said in a statement.
The company also launched one of the first cloud-based audio, web and video conferencing service in India — the industry’s first integrated approach to connected cameras and high-definition 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,” Malloy added.
Traditionally, enterprises have to buy separate solutions for the conference room camera, bridging equipment, video conferencing, and sharing presentations. Lifesize is the only company that combines all of those functions, and more, into one integrated service.
The combination of features, such as chat and recording into one application, are intuitive and custom-built to meet customer needs, said Lifesize which is planning to expand its reach pan-India.