Lifesize, an Austin, Texas-based provider of immersive enterprise communication solutions, acquired Kaptivo, a Cambridge, UK and Silicon Valley-based digital collaboration solutions company.
The amount of the deal was not disclosed.
With the addition of Kaptivo, Lifesize further expands its portfolio of cloud-based unified communications and collaboration (UCC) solutions for contact centers, video conferencing and meeting rooms with a new suite of advanced collaboration tools.
Founded by University of Cambridge scientists Adrian Cable and Nic Lawrence, Kaptivo leverages computer vision, image processing and artificial intelligence for visual collaboration to develop solutions that make remote brainstorming, education, planning and content creation more effective and productive. Kaptivo’s current products address the need in remote meetings to connect the hundreds of millions of existing, traditional whiteboards to modern collaboration tools so that participants can brainstorm, teach, plan and draw as if everyone was in the same room. The Kaptivo solution pairs advanced image processing software that eliminates shadows, reflections and people in front of the whiteboard with an enterprise-grade, secure, cloud-based collaboration platform.
Along with the acquisition, Lifesize also announced the immediate availability of a new Kaptivo-powered digital whiteboard application, providing enhanced capabilities for remote collaboration and instruction within Lifesize video meetings.
Kaptivo is privately held and backed by a transatlantic syndicate of venture capital investors including Benhamou Global Ventures, Draper Esprit PLC and Generation Ventures. Current Kaptivo CEO David Hsieh will join Lifesize’s executive team to head the company’s advanced collaboration business.
Led by Craig Malloy, CEO, Lifesize delivers immersive communication experiences for the global enterprise. Its complementary suite of cloud video conferencing and cloud contact center solutions empowers organizations to elevate workplace collaboration, boost employee productivity and improve customer experiences from anywhere and from any device. Tens of thousands of leading organizations like RBC, Yale University, Pearson, Salvation Army, Shell Energy and NASA use it for business communications.
FinSMEs
20/08/2020