Polycom Acquires Video Collaboration Specialist ViVu
Unified communications firm Polycom announced the acquisition of ViVu, a privately held video collaboration software company. ViVu has developed video collaboration software that can be embedded into enterprise, social and vertical industry applications to enable Web-based high-definition video collaboration. The acquisition gives Polycom a means to more quickly embed HD video into Web-based applications through an OEM model, which will accelerate time-to-market and adoption of Polycom HD video collaboration solutions.
The acquisition reinforces Polycom’s software strategy and is expected to be an important enabler for Polycom to continue to provide businesses with scalable video collaboration solutions across a range of business, video, mobile and social networking applications. Polycom will leverage ViVu technology in the Polycom RealPresence Platform, their software infrastructure for universal video collaboration.
"ViVu is a compelling acquisition for Polycom as their technology provides a scalable architecture to quickly deploy rich video collaboration for a range of Web-based applications for social, business, and industry-specific applications, such as those for health care, finance and customer service," said Sudhakar Ramakrishna, executive vice president and general manager of UC solutions and chief development officer for Polycom.
ViVu, which was founded in 2008, is based in Cupertino, Calif. Its video collaboration software technology is embedded into a number of enterprise applications. Its customers include Tiboc and Thomson Reuters. ViVu powers the HD video collaboration in Tiboc’s enterprise social platform tibbr, enabling users to collaborate in real time; ViVu also powers the video collaboration inside Thomson Reuters' financial content application so financial professionals can collaborate in real time, and view and discuss the latest news.
"ViVu is excited to join Polycom, as we both believe in the power of video collaboration to increase productivity and improve communications and collaboration," said Sudha Valluru, founder and CEO of ViVu. "I’m confident that ViVu’s video collaboration technology will thrive and grow in the future, as a result of Polycom’s leadership in UC and video collaboration, power of distribution channels, and the breadth of its customer reach within the enterprise market and beyond."