CEO Craig Malloy openly tells press LifeSize will be one billion USD in sales in the next few years-- and the company expects it will grow each year at double the market rate of growth.
That market rate, says Malloy, is 15% -20% growth per year, with the global video conferencing market now at $2.5 billion). If the video conferencing market will hit $5 billion in a few years, then 20% of that is indeed within Malloy’s grasp.
Logitech bought LifeSize for $405 million in 2009 and increased sales for their last fiscal year to $134 million, up from Read more...