BANGALORE, INDIA: Polycom Inc. announced the acquisition of Accordent Technologies, Inc., a leading provider of video content management and delivery solutions, for approximately $50 million in cash. Polycom expects this acquisition to be neutral to earnings in 2011 and slightly accretive to earnings in 2012.
The acquisition positions Polycom to become the leader in the Video Content Management and Delivery market by integrating Polycom’s leading open standards UC Intelligent Core and market leading UC endpoints with Accordent’s innovative open standards video content management solution.
The Accordent solution provides capture solutions for all major video use cases, whether delivering highly scalable live webcasts from the studio,providing automated rich media webcasting from the meeting or classroom, adding a streaming extension to videoconferences or enabling user-generated content from the desktop.
According to data from market research firm Wainhouse Research, this acquisition immediately expands Polycom’s total available marketby $500 millionand, for this video management segment, this market is projected to generate a compounded annual growth rate of 32% through 2014 to $1.2 billion. As a strategic partner with Microsoft, Accordent strengthens and further differentiates Polycom’s deep native integration with Microsoft Lync and Sharepoint.
Accordent grew to $9 million in revenues in 2010 and has over 1,200 customers in the enterprise and public sector, and through select service providers. The staff of 50 employees will remain in Southern California and will report into Polycom’s UC research and development organisation. Accordent’s software-centric solution will become an integral element of the Polycom UC Intelligent Core and will be reported with Polycom’s Network Infrastructure revenues.