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LifeSize Founder Craig Malloy Rejoins LifeSize as Chief Executive Officer
NEWARK, Calif. — Feb. 13, 2014 and LAUSANNE, Switzerland, Feb. 14, 2014 — Logitech (NASDAQ: LOGI) (SIX: LOGN) today announced that LifeSize founder Craig Malloy has rejoined the company as chief executive officer of LifeSize and senior vice president of Logitech.
Malloy is a leader in the video conferencing industry who founded LifeSize in 2003, oversaw its acquisition by Logitech in 2009 and served as LifeSize’s CEO until 2012. Over the past year, Malloy has continued to work closely with the LifeSize and Logitech leadership teams as vice chairman of LifeSize’s supervisory board.
“We welcome Craig’s experience and leadership abilities in the video conferencing industry to steer LifeSize at this transformative time and accelerate its ability to bring innovative video solutions to customers of all sizes,” said Bracken Darrell, Logitech president and chief executive officer. “Under his leadership, LifeSize is well-positioned to win in this changing market place.”
“LifeSize’s legacy as a pioneer and world leader in video collaboration is one of the crowning achievements of my career, and I am thrilled to be back to lead us in the right direction and build upon our proven success,” said Malloy. “The guiding principle on which LifeSize was founded was one of relentless innovation, and I aim to reinvigorate LifeSize with that inventive, audacious spirit once more.”
LifeSize is a pioneer and world leader in high-definition video collaboration. Designed to make video conferencing truly universal, our full range of open standards-based systems offer enterprise-class, IT-friendly technologies that enable genuine human interaction over any distance. Founded in 2003 and acquired by Logitech in 2009, LifeSize, with its commitment to relentless innovation, continues to extend the highest-quality video conferencing capabilities to anyone, anywhere, where there is Internet access. For more information, visit http://www.lifesize.com.
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
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This press release contains forward-looking statements within the meaning of the federal securities laws, including, without limitation, statements regarding: LifeSize's ability and timing to bring innovative video solutions to a wide range of customers; LifeSize's ability to win in the video conferencing market place. The forward-looking statements in this release involve risks and uncertainties that could cause Logitech’s actual results and events to differ materially from those anticipated in these forward-looking statements, including, without limitation: the demand of our customers and our consumers for our products and our ability to accurately forecast it; if we fail to innovate and develop new products in a timely and cost-effective manner for our new and existing product categories; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them; if our products and marketing strategies fail to separate our products from competitors’ products. A detailed discussion of these and other risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in Logitech’s periodic filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2013 and our Amended Annual Report on Form 10-K/A for the fiscal year ended March 31, 2013, available at www.sec.gov, under the caption Risk Factors and elsewhere. Logitech does not undertake any obligation to update any forward-looking statements to reflect new information or events or circumstances occurring after the date of this press release.
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