Polycom announced the acquisition of Accordent Technologies, 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 market by $500 million and, 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.