Logitech Acquires Slim Devices

Vikingod · Oct 20, 2006, 02:06 PM

Source: techPowerUp!
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Logitech International today announced that it has acquired Slim Devices, Inc., a pioneer in the development of music systems that take advantage of a home network. Products from Slim Devices, such as the acclaimed Squeezebox and the recently announced Transporter, enable people to enjoy high-quality digital music, in multiple rooms of the home, regardless of whether the music is streaming directly from the Internet, or from a PC, Mac, or storage device on the network. Logitech purchased the privately held Slim Devices of Mountain View, Calif. for $20 million in cash plus a possible performance-based payment, tied to reaching certain future revenue targets.

Oct 20, 2006, 02:06 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Logitech Acquires Slim Devices Source: techPowerUp! _________ Logitech International today announced that it has acquired Slim Devices, Inc., a pioneer in the development of music systems that take advantage of a home network. Products from Slim Devices, such as the acclaimed Squeezebox and the recently announced Transporter, enable people to enjoy high-quality digital music, in multiple rooms of the home, regardless of whether the music is streaming directly from the Internet, or from a PC, Mac, or storage device on the network. Logitech purchased the privately held Slim Devices of Mountain View, Calif. for $20 million in cash plus a possible performance-based payment, tied to reaching certain future revenue targets.