Polycom is set to acquire Obihai Technology, a developer of software and hardware for VoIP endpoints.
The acquisition will allow Polycom to compete effectively in the voice market and expands Polycom’s portfolio to include complementary technologies for the service providers and customers.
The San Jose-based innovator in VoIP audio solutions will strengthen Polycom’s focus on expanding the availability of Polycom desktop phones to more customers and partners.
“The strategic acquisition of the Obihai team and its software platform allows Polycom to surge forward on our strategy to deliver the best and most human-to-human experience in our audio and video solutions,” said Mary McDowell, Polycom CEO.
Jan Fandrianto is the founder and CEO of Obihai Technology.
Polycom expects to add more cloud-based capabilities and Analog Terminal Adapter solutions to its solutions. The combination is expected to expand the markets available to Polycom solutions for both the company and its worldwide network of channel partners.
Polycom last year announced a month-to-month Device-as-a-Service (DaaS) pilot program that offers lower costs for both service provider and end user voice subscribers.
The DaaS pilot program allows service providers to offer maximum flexibility to implement Polycom devices. Polycom’s DaaS runs month-to-month, providing customers the option to cancel and return the phones at any time with no penalty. The program includes a replacement plan offering a chance to exchange the phone if it fails any time during the first seven years the phone is in service.
Research and Markets says the enterprise video conferencing market was valued at $2.864.6 billion in 2017 and is estimated to expand with a CAGR of 7.5 percent from 2017-2025.
Cisco Systems, Polycom, Avaya, ZTE, Huawei Technologies, Vidyo, Microsoft and Lifesize are some of the top technology companies in the global enterprise video conferencing market.