Logitech

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Logitech International S.A.
Société Anonyme
Traded asSIXLOGN
Industry
Founded2 October 1981; 37 years ago (1981-10-02) in Apples, Switzerland
FoundersDaniel Borel
Pierluigi Zappacosta
Giacomo Marini
HeadquartersLausanne, Switzerland
Newark, California, USA
Area served
Worldwide
Key people
Guerrino De Luca (Chairman)
Bracken Darrell (CEO)
ProductsPeripherals
Brands
RevenueIncrease US$2.57 billion (2018)
Increase US$74 million (2014)[1][2]
Total assetsIncrease US$1.5 billion (2013)[1]
Total equityIncrease US$0.7 billion (2013)[1]
Number of employees
~7000 (2018)[2]
Subsidiaries
Websitewww.logitech.com

Logitech International S.A. (/ˈlɒɪtɛk/ LOJ-ih-tek) is a Swiss provider of personal computer and mobile peripherals, with its headquarters in Lausanne, Switzerland and administrative headquarters in Newark, California. In addition to its Swiss and American facilities, the company has offices throughout Europe, Asia and the rest of the Americas. Logitech's sales and marketing activities are organized into four geographic regions: Americas, Europe, Middle East and Africa, and Asia Pacific.

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.

The name Logitech is derived from the French word for software, "logiciel".[3] In Japan, Logitech was established as Logicool to avoid conflict with the Logitec brand.

United States Logitech Headquarters in Newark, California

History[edit]

First Logitech logo, used from 1981 to 1988.
First Logitech logo, used from 1981 to 1988.
Second Logitech logo, used from 1989 to 1996.
Second Logitech logo, used from 1989 to 1996.
Third Logitech logo, used since 1997
Third Logitech logo, used from 1997 [4]

Logitech was co-founded in Apples, Vaud, Switzerland, in 1981 by two Stanford alumni, Daniel Borel and Pierluigi Zappacosta, and a former Olivetti engineer, Giacomo Marini.[5]

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 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 July 2011, Logitech acquired the mobile visual communications provider, Mirial.[11]

In January 2013, Bracken Darrell became Logitech’s chief executive officer and then CEO Guerrino De Luca continued as Logitech’s chairman of the board.[12]

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.[13]

On 15 September 2016, Logitech announced that they had purchased the Saitek brand and assets from Mad Catz for US$13 million in cash.[14]

On 11 August 2017, Logitech acquired Astro Gaming, makers of professional gaming equipment (mainly headset solutions), for US$85 million in cash.[15]

In July 2018, Logitech announced plans to acquire Blue Microphones for US$117 million.[16]

On 19 August 2018, Logitech announced the launch of their most advanced Ergonomic Mouse called "MX Vertical".[17] It features a vertical angle of 57 degrees, It also comes with a USB-C charging port.[18] The product shipped for sales in September 2018.[19]

Production[edit]

The first Logitech mice were made in Le Lieu, in the Swiss Canton of Vaud by Dubois Depraz SA.[citation needed]

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.[20]

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 - computer accessories (mice)
  • Logitech C - computer webcams (cameras)
  • Logitech G - gaming products. Called Logicool G in Japan.
  • Ultimate Ears - in-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

References[edit]

  1. ^ a b c "Logitech – Logitech Announces 2nd Quarter and Full-Year Financial Results for FY 2013". marketwatch.com. Archived from the original on 22 February 2014. Retrieved 13 February 2014.
  2. ^ a b "Logitech investors FAQ". logitech.com. Archived from the original on 9 July 2015.
  3. ^ "Full Form of Logitech (Name Origin) ? - FullForms". fullforms.com. Archived from the original on 22 June 2017. Retrieved 17 June 2017.
  4. ^ "Archived copy" (PDF). Archived (PDF) from the original on 30 October 2018. Retrieved 30 October 2018.CS1 maint: Archived copy as title (link)
  5. ^ "Logitech History" (PDF). logitech.com. Archived (PDF) from the original on 4 March 2016. Retrieved 6 March 2016.
  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 Acquires Mirial – MarketWatch". marketwatch.com. 2011. Retrieved 2 August 2011.
  11. ^ "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.
  12. ^ 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.
  13. ^ "Logitech acquires Saitek Simulation product line from Mad Catz". Logitech. Archived from the original on 19 September 2016. Retrieved 16 September 2016.
  14. ^ 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.
  15. ^ Lawler, Richard (30 July 2018). "Blue Microphones sells to Logitech for $117 million". Engadget. Oath Inc. Archived from the original on 31 July 2018. Retrieved 30 July 2018.
  16. ^ "Introducing Logitech's Most Advanced Ergonomic Mouse – MX VERTICAL | logi BLOG". blog.logitech.com. Archived from the original on 20 August 2018. Retrieved 20 August 2018.
  17. ^ "Logitech Debuts New MX Vertical Ergonomic Mouse". Archived from the original on 20 August 2018. Retrieved 20 August 2018.
  18. ^ "Logitech's MX Vertical turns the company's best mouse on its head". The Verge. Archived from the original on 20 August 2018. Retrieved 20 August 2018.
  19. ^ "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 link[edit]