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This news this morning makes me really happy. Peter Csathy’s SightSpeed, a high quality video call/conferencing service, is going to be acquired by a very big name in the computer market, Logitech, very popular, among the other things, for their high quality webcams.

I blogged so many times about SightSpeed and I really love that service, reason why I’m very happy for Peter and his team in San Diego. This is a great deal for both, since Logitech can now provide an effective way to give more value to their webcams, for both the consumer and business market. And it seems that SightSpeed is the 3rd company Peter succesfully sold.

Moreover, I really would like to congratulate Andy “everything I touch becomes gold” Abramson, since SightSpeed is the Nth company he’s involved with in terms of PR or in terms of board of directors which has been sold recently. Wow.

Details of the deals are summarized below.

Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that the company has agreed to acquire privately held SightSpeed Inc. of Berkeley, Calif. for approximately $30 million in cash. SightSpeed is an award-winning provider of high-quality Internet video communications services. The acquisition is subject to customary closing conditions and is expected to close in early November.

The acquisition of SightSpeed will provide Logitech with video calling technology and a software and services development team that can be focused on future video calling initiatives that can enable cross-platform video communications with an intuitive, lifelike experience, for people sitting in front of a personal computer or with their family in a living room.

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Technorati Tags: andy abramson, Business, Logitech, luca filigheddu, peter csathy, sightspeed, Video

“Don’t stay alone” is a very important concept that everyone in the internet/IT market must keep well in mind.

Peter Csathy, SightSpeed’s CEO, wrote a thoughtful post on why partners are so important for the future of your business and what is the magic recipe to be chosen by big important partners and how you can win against much bigger competitors.

SightSpeed’s latest partnership with Dell is just an example of turning the points explained by Peter in his post into a real business opportunity. I can’t agree more since I made similar experiences with my company in the past. I would also add flexibility and speed to the receipt’s keywords.

Check Peter’s post out and have a look at the new Dell Video Chat client powered by SightSpeed: you’ll find it in any new Dell’s laptop or you can download it here.

Technorati Tags: Business, dell, luca filigheddu, peter csathy, sightspeed, videochat, VoIP

Due to lack of time in the past months, I missed to point out that SightSpeed, the popular video conferencing service, is heavily approaching the social network space. So, one strategy and two distinct markets: consumer for SightSpeed Light and SightSpeed Personal and high quality easy to use video conferencing for SMBs for SightSpeed Business (btw, they just added a very cool 9-way multi-party video conferencing as well…). 

Firstly, in April, they launched their web-based widget SightSpeet light for MySpace users, the #1 social network owned by News Corp. After this first important move and two months later only, I learnt that they are now launching SightSpeed light for hi5, the huge San Francisco based social network much popular in Asia and one of the largest social networks worldwide.

When hi5 members add SightSpeed Light to their profiles, they can notify all their friends. Once their friends have added SightSpeed Light (by clicking “Add this App” from their hi5 profile), they can immediately see when their friends are online to call, video mail or post.

In my opinion, this is a wise move by my friend Peter Csathy & Co, since that kind of users, much more than Facebook’s ones, are willing to embrace video as one of the main means of communication. No download, no setup, no cost, the ideal premises for video conversation within an environment where communication and socialization are the keys.

If you want to learn more, check Peter’s blog.

Technorati Tags: hi5, luca filigheddu, peter csathy, sightspeed, videoconferencing