ClearOne to acquire VCON Video Conferencing
ClearOne has announced the acquisition of Israel-based VCON Video Conferencing, a player in the high-performance, end-to-end, software video conferencing solutions business.
ClearOne will pay $4.5 million in cash and the acquisition is expected to close by the end of this quarter, subject to customary closing conditions.
VCON has established a comprehensive portfolio of industry-leading HD videoconferencing solutions comprising feature-rich room systems and desktop video applications, as well as enhanced network management and infrastructure solutions. With the acquisition of VCON, ClearOne will offer a complete suite of audio and video conferencing and collaboration solutions.
The acquisition of VCON brings with it software-based full HD (1080p) video conferencing technology with H.264 High Profile encoding that reduces bandwidth utilization up to 50 percent.
"The acquisition of VCON will bring us a wealth of knowledge, technology and experience in the growing video conferencing market to complement ClearOne's leadership in audio conferencing," said Zee Hakimoglu, Chairman and CEO of ClearOne. "VCON's software-based technology opens the gate to multi-point HD video conferencing for a broad spectrum of platforms."