PLCM Profile
Polycom, Inc. (PLCM) was a publicly traded American company that provided audio and video conferencing solutions for businesses and individuals.
Polycom's products and services included video and audio conferencing equipment, software, and services for remote collaboration and communication. The company's solutions were designed to enhance productivity and reduce travel costs by enabling virtual meetings and collaboration across geographically dispersed teams.
In 2018, Polycom was acquired by Plantronics, Inc., a global provider of audio communications equipment and solutions, for $2 billion. Following the acquisition, Polycom became a subsidiary of Plantronics, and the two companies were subsequently rebranded as Poly.
Prior to its acquisition, Polycom faced challenges in the highly competitive audio and video conferencing industry, including changing customer needs and preferences, evolving technological trends, and intense competition from larger and more established players in the market.
It is important to note that investing in a technology company like Polycom carries risks, including the potential for changes in industry trends, competitive pressures, and technological disruptions that could impact the company's financial performance.
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