Logitech sells off Lifesize division

(Telecompaper) Logitech International announced that its Lifesize videoconferencing division separated from the company to become Lifesize, a private entity. Three venture capital firms, namely Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners, invested USD 17.5 million into Lifesize and join Logitech as shareholders. Logitech will hold a 37.5 percent share in the company, based on shares outstanding immediately following the investment. The separation of Lifesize is ano