Polycom to purchase VoIP supplier Obihai Technology
Polycom has announced the signing of a merger agreement to acquire Obihai Technology, a San Jose-based manufacturer of VoIP audio products.
Obihai Technology develops software and hardware for VoIP endpoints. The strategic addition of software and development team allows Polycom to compete more effectively in the global voice market and broadens Polycom’s portfolio to include complementary technologies for the service providers and customers of all sizes.
The pending agreement demonstrates Polycom’s focus on expanding the availability of Polycom desktop phones to a broader range of customers and partners. The planned move also underscores Polycom’s commitment to the global network of service providers for VoIP solutions.
Mary McDowell, Polycom CEO said, "Looking ahead to 2018 and beyond, the addition of Obihai will immediately open new markets and revenue opportunities for Polycom. The combined development team will enable Polycom to bring our great products to customers faster."
After completion of the deal, Polycom expects to add more cloud-based capabilities and Analog Terminal Adapter solutions to its portfolio.
The deal is expected to close early in first quarter of this year.