Plantronics to Acquire Polycom for $2 billion

Exciting news in the Unified Communications space, Plantronics and Polycom today announced that they have entered into a definitive agreement under which Plantronics will acquire Polycom in a cash and stock transaction valued at $2.0 billion

From: https://globenewswire.com/news-release/2018/03/28/1454525/0/en/Plantronics-to-Acquire-Polycom-for-2-billion.html

• Accelerates and expands Plantronics vision and market opportunity to be the preferred communications and collaboration touch point
• Creates the broadest portfolio of communications and collaboration endpoints for the $39.9B UCC industry (Frost and Sullivan, 2018)
• Establishes critical relevance to create differentiation from insights and interoperability
• Expected to be immediately accretive to Non-GAAP EPS
• Expect $75 million in annual run-rate cost synergies within 12 months of transaction close

I wish my friends and Polycom and Plantronics good luck with the acquisition and new org. I think it’s a really synergistic pairing with some good opportunities.