Unifying Unified Communications
Videoconferencing market leader LogMeIn revealed plans to acquire cloud-based UC provider Jive Communications for $342 million, plus up to $15 million in incentives. The unification of the two companies creates a powerhouse in the unified communications and collaboration market.
Boston-based LogMeIn said that the purchase will add Jive's portfolio of cloud-based phone systems and UC solutions to its own existing suite of collaboration and video products. These include GoToMeeting, GoToWebinar and OpenVoice. The deal also will bring Jive's substantial channel expertise to the table.