Polycom Acquires HP Visual Collaboration Business Unit

This IDC Flash discusses the announcement by Polycom on June 1, 2011, of its acquisition of HP's Visual Collaboration Business unit, including HP's Halo products and managed services, for a reported $89 million in cash. The HP acquisition was one of several announcements in the video and unified communications and collaboration (UCC) space that were highlighted during the live Webcast, which also included updates on the expansion of the Polycom and Microsoft relationship, news on the initial Open Visual Communications Consortium (OVCC) and its founding service members, and an announced two-for-one split of Polycom common stock.