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| Logitech to Acquire WiLife Logitech International is broadening its presence in the digital home with the acquisition of WiLife, which offers an easy-to-set-up, easy-to-use PC-based video solution for self-monitoring a home or smaller business. Logitech has entered into an agreement to acquire the privately held company, based in Draper, Utah, for approximately $24 million plus a possible performance-based payment, tied to reaching certain future revenue targets. The acquisition is subject to customary closing conditions and is expected to close by mid-November. The WiLife solution leverages the power of the PC and the Internet to offer an alternative to expensive professional home-monitoring services. The solution consists of PC software, up to six wireless video cameras and a receiver plugged into wall outlets. The cameras and receiver communicate using HomePlug technology, which transmits the video through a building's electrical wires. The video that is captured can be stored on a local PC hard disk or stored via the Internet by WiLife and accessed remotely – on a PC or a portable device such as a cell phone or PDA – using the WiLife online service. Developed by experts in the home-surveillance industry, WiLife products, which first shipped in 2005, are sold online and through retailers, VARs and distributors in the U.S. and select European countries. With the acquisition, Logitech plans to use its extensive distribution network to broaden availability of the products. The WiLife business will become part of Logitech's Internet Communications Business Unit, led by Gina Clark, vice president and general manager. Logitech plans to market the products under the Logitech brand. While Logitech views the long-term potential of the acquisition to be very promising, the impact of the acquisition on Logitech's current fiscal year results is not expected to be material. write your comments about the article :: © 2007 Computing News :: home page |