Unified communications company Polycom acquired US-based video conference software firm ViVu on Friday 14 October. The amount Polycom paid for ViVu was undisclosed.
Investors in ViVu include semiconductor company Advanced Micro Devices, and venture capital firms Inventus Capital Partners, Draper Fisher Jurvetson and Quest Venture Partners.
The acquistion will benefit Polycom directly in that it can incorporate ViVu’s high definition video networking software into its business, mobile, video and social networking software.
Sudhakar Ramakrishna, chief development officer of Polycom, said: “ViVu is a compelling acquisition for Polycom as their technology provides a scalable architecture to quickly deploy rich video collaboration for a range of web-based applications for social, business, and industry-specific applications, such as those for healthcare, finance, and customer service.