Polycom Sells off Its Enterprise Wireless Communications Business to Sun Capital Partners
One of the affiliates of Sun Capital Partners, reportedly acquired Polycom, Inc.’s Enterprise Wireless Communications business which operates under the SpectraLink and KIRK telecom brands.
Post acquisition, the acquired company will continue to operate from its existing offices.
The U.S. headquarters of the company will remain in Colorado, and the European operations will continue to be based in Horsens, Denmark, a news statement revealed.
Sun Capital Partners is focused on leveraged buyouts and investments in market-leading companies. Through a vast network of affiliates, the company has reportedly invested in more than 310 companies worldwide with combined sales in excess of $45 billion since its inception nearly two decades ago. Sun Capital has offices in across the four continents.
Polycom’s Enterprise Wireless Communications business is a supplier of on-site enterprise mobile communication solutions. The company’s offering includes handsets, infrastructure, accessories and services. These Wi-Fi and DECT technology based communication solutions are designed for the non-deskbound employees belonging to the healthcare, hospitality, retail, warehousing and manufacturing.
It will be relevant to mention here that the wireless handset business was acquired five years ago through a $220 million deal with Boulder-based SpectraLink. With this sale-off, Polycom allows the wireless voice organization to flourish as a standalone company.
“SpectraLink and KIRK are well-respected brands with significant market share and a comprehensive suite of products and services. Given our experience with corporate carve-outs, we are excited to work with management to develop this standalone Company further and take advantage of strong projected market growth,” Managing Director at Sun Capital Partners Matthew Garff, noted.
Polycom recently announced its RealPresence Platform will be part of the underlying infrastructure that powers six out of the seven service providers that are offering breakthrough Open Visual Communications Consortium (OVCC(TM)) compliant, cloud-delivered video collaboration services.
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Edited by Rich Steeves