Logitech

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Logitech International S.A.
Société Anonyme
Traded asSIXLOGN
NASDAQLOGI
Industry
Founded2 October 1981; 39 years ago (1981-10-02) in Apples, Switzerland
FoundersDaniel Borel
Pierluigi Zappacosta
Giacomo Marini
HeadquartersLausanne, Switzerland, Newark, California[1]
Area served
Worldwide
Key people
Bracken Darrell (CEO)
Wendy Becker (Chairman)
Nate Olmstead (CFO)
Products
Brands
RevenueIncrease US$2.79 billion (FY 2019)
Increase US$117.5 million(Q3 20)[2]
Total assetsIncrease US$2.34 billion (Q3 20)[2]
Total equityIncrease US$1.29 billion (Q3 20)[2]
Number of employees
~7,000 (2018)[3]
Subsidiaries
Websitewww.logitech.com

Logitech International S.A. (/ˈlɒɪtɛk/ LO-ji-tek; often shortened to Logi) is an American Swiss manufacturer of computer peripherals and software, with headquarters in Lausanne, Switzerland and Newark, California. The company has offices throughout Europe, Asia, Oceania, and the Americas, and is one of the world's leading manufacturers of input and interface devices for personal computers (PCs) and other digital products. The company develops and markets personal peripherals for PC navigation, video communication and collaboration, music and smart homes. This includes products like keyboards, mice, tablet accessories, webcams, Bluetooth speakers, universal remotes and more. Its name is derived from logiciel, the French word for software.[4]

History[edit]

Logo, used from 1981 to 1988
Logo, used from 1981 to 1988
Logo, used from 1989 to 1996
Logo, used from 1989 to 1996
Logo, used from 1997 to 2015
Logo, used from 1997[5] to 2015
Japanese Logicool logo
Japanese Logicool logo

Logitech was founded in Apples, Vaud, Switzerland, in 1981 by Stanford alumni Daniel Borel and Pierluigi Zappacosta, and former Olivetti engineer Giacomo Marini. For a time during its formative years, Logitech's Silicon Valley offices occupied space at 165 University Avenue, Palo Alto, California, home to a number of noted technology startups.[6]

In 2001, Logitech acquired Labtec for $150 million in order to expand its range of computer peripherals.

In 2007, Logitech licensed Hillcrest Labs' Freespace motion control technology to produce the MX Air Mouse, which allows a user to use natural gestures to control a PC.[7][8]

In August 2008, Logitech acquired Ultimate Ears, supplier of custom in-ear monitors for professional musicians and Bluetooth speakers for the consumer market.[9]

In December 2008, Logitech announced that it had manufactured one billion mice since 1985.[10]

In December 2009, Logitech acquired video conferencing equipment maker Lifesize Communications.[11]

In July 2011, Logitech acquired the mobile visual communications provider Mirial.[12]

In January 2013, Bracken Darrell became Logitech's chief executive officer; then-CEO Guerrino De Luca continued as Logitech's chairman of the board.[13]

In January 2016, Logitech spun off the video conferencing equipment maker Lifesize.[14][15]

In April 2016, Logitech agreed to pay US$7.5 million penalty related to accusations that it and some former executives improperly inflated the company's results for its 2011 fiscal year to meet guidance and other accounting violations. The U.S. Securities and Exchange Commission said the alleged accounting issues left investors without an accurate view of the Swiss-U.S. company's finances.[16]

On 12 April 2016, Logitech announced that they had agreed to acquire Jaybird, a leader in wireless audio wearables for sports and active lifestyles, for US$50 million, with an additional earnout of up to US$45 million based on achievement of growth targets.[17]

On 15 September 2016, Logitech announced that they had purchased the Saitek brand and assets from Mad Catz for US$13 million.[18]

On 11 August 2017, Logitech acquired Astro Gaming, makers of professional gaming equipment (mainly headset solutions), for US$85 million.[19]

On 30 July 2018, Logitech announced that they had purchased Blue Microphones, a leader in studio-quality microphones, for US$117 million.[20]

On 26 September 2019, Logitech acquired Streamlabs, a leader in software and tools for live streaming, for approximately $89 million.[21]

Production[edit]

The first Logitech mice, starting from the P4, were made in Le Lieu, in the Swiss Canton of Vaud[22] by Dubois Dépraz SA.[23]

Production facilities were then established in the United States, Taiwan, Hungary and Ireland before being moved to Suzhou, China. As of 2005, the manufacturing operations in China produce approximately half of Logitech's products. The remaining production is outsourced to contract manufacturers and original design manufacturers in Asia.[24]

Logitech product lines[edit]

  • Logitech – Worldwide (except in Japan, where it is known as Logicool) for PC peripherals, remote controls, security cameras, mice, keyboards, webcams, computer speakers, and accessories for smart phones and tablet keyboards and covers
  • Logitech video collaboration, including all B2B video conferencing equipment
  • Logitech MX – Flagship computer accessories (mice and keyboards)
  • Logitech C – computer webcams (cameras)
  • Logitech G – Gaming products.
  • Ultimate Earsin-ear monitors, wireless Bluetooth Speakers and universal-fit earphones
  • Jaybird – wireless bluetooth sport earbuds.
  • Slim Devices – audio brand
  • Saitek – purchased on 15 September 2016, from Mad Catz
  • Logitech Harmony – programmable remote controls
  • Logitech F – Wired and Wireless Gamepads

References[edit]

  1. ^ "Newark Office Directions". Logitech.
  2. ^ a b c "Logitech – Logitech Announces Q3 Financial Results for FY 2020". Logitech. Retrieved 21 January 2020.
  3. ^ "Logitech investors FAQ". logitech.com. Archived from the original on 9 July 2015.
  4. ^ "Full Form of Logitech (Name Origin) ? - FullForms". fullforms.com. Archived from the original on 22 June 2017. Retrieved 17 June 2017.
  5. ^ "Archived copy" (PDF). Archived (PDF) from the original on 30 October 2018. Retrieved 30 October 2018.CS1 maint: archived copy as title (link)
  6. ^ Peter Day, BBC . "165 University Ave: Silicon Valley's 'lucky building' Archived 29 May 2018 at the Wayback Machine." Aug 27, 2010. Retrieved Dec 8, 2016.
  7. ^ Techspot 13 July 2007. Logitech's MX Air Mouse with freespace motion control Archived 4 April 2012 at the Wayback Machine
  8. ^ Frucci, Adam. "Logitech Buys Ultimate Ears for $34 Million". Gizmodo. Archived from the original on 29 March 2017. Retrieved 12 December 2016.
  9. ^ By Michael Brown, Tom's Hardware. "Logitech Ships its One Billionth Mouse." 5 December 2008. Retrieved 16 May 2014.
  10. ^ "Logitech buys LifeSize for $405 million". IT Pro. 11 November 2009.
  11. ^ "Logitech Acquires Mirial – MarketWatch". marketwatch.com. 2011. Retrieved 2 August 2011.
  12. ^ "Logitech selects Bracken Darrell as president right now, next CEO in 2013". Engadget. Archived from the original on 20 December 2016. Retrieved 12 December 2016.
  13. ^ Sead Fadilpasic, IT Pro Portal. “Lifesize splits from Logitech, continues solo.” Date Jan 15, 2016. Accessed Oct 12, 2019.
  14. ^ Heather Clancy, Fortune. “Life After Logitech: Cloud Video Pioneer Sees ‘Torrid’ Growth.” Date Jan 21, 2016. Accessed Oct 12, 2019.
  15. ^ Tess Stynes, The Wall Street Journal. “Logitech Agrees to Pay $7.5 Million Penalty Tied to Accounting Issues Archived 26 January 2017 at the Wayback Machine.” April 19, 2016. April 22, 2016.
  16. ^ "Logitech snaps up wireless earbuds maker JayBird for $50M". Tech Crunch. 13 April 2016.
  17. ^ "Logitech buys Saitek from Mad Catz". Games Industry Biz. 16 September 2016.
  18. ^ Chen, Sam. "Logitech Acquires Astro Gaming for $85 Million Establishing Itself in the Console Gaming Space". Custom PC Review. Archived from the original on 31 August 2017. Retrieved 11 July 2017.
  19. ^ "Logitech is acquiring Blue Microphones for $117 million in cash". The Verge. 30 July 2018.
  20. ^ Grubb, Jeff (26 September 2019). "Logitech acquires Streamlabs to get deeper into game broadcasting". Venture Beat. Retrieved 26 September 2019.
  21. ^ Vetterli, Martin (23 November 2018). "A brief story of innovation". Medium. Retrieved 28 July 2020.
  22. ^ "Logitech". oldmouse.com. Retrieved 28 July 2020.
  23. ^ "How Logitech Protects Its Manufacturing Secrets in China". Bloomberg News. 2 October 2013. Archived from the original on 29 April 2018. Retrieved 28 April 2018.

External links[edit]