Polycom, Inc., has agreed the strategic acquisition of Obihai Technology, Inc., a San Jose-based innovator in VoIP audio solutions, with the deal expected to close early in the first quarter of this year.
Obihai Technology develops software and hardware for VoIP endpoints. The strategic addition is to provide Polycom with the opportunity 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.
Looking ahead to 2018 and beyond, the addition of Obihai will immediately open new markets and revenue opportunities for Polycom
Mary McDowell, Polycom CEO
The pending agreement is demonstrative of 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.
“The strategic acquisition of the Obihai team and its software platform allows Polycom to surge forward on our strategy to deliver the best and most human-to-human experience in our audio and video solutions,” said Mary McDowell, Polycom CEO. “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.”
“Polycom is a proven leader for delivering products with outstanding audio quality and universal interoperability in the open-standard SIP market for VoIP endpoints,” said Jan Fandrianto, Obihai founder and CEO. “When combined with Polycom, Obihai’s product and cloud-services engineering expertise will be a powerful advantage for Polycom’s partners and their customers in an increasingly competitive market.”
After completion of the deal, Polycom expects to add more cloud-based capabilities and Analog Terminal Adapter solutions to its solutions portfolio. The combination is expected to expand the markets available to Polycom solutions for both the company and its worldwide network of channel partners.