Polycom (PLCM) has announced its acquisition of DSTMedia Technology Company, a privately-held video solutions company headquartered in Beijing.

Founded in 2001 by an engineering team from Tsinghua University, DSTMedia is a leading provider of video network solutions for the Asia market. DSTMedia has also recently launched low cost IP video room systems, desktop products, and video walls for the China, India, Japan, and Southeast Asia markets.

DSTMedia has 90 employees, primarily in research, development, sales and support, who will join Polycom. DSTMedia has sales offices in Chengdu, Guangzhou, Nanjing, Shanghai, Shenzhen, Wuhan, and Xian. Its products will be distributed worldwide under the DST brand.

DSTMedia CEO and Founder Xiong Sheng Feng will become a vice president of Polycom and general manager of DST, a wholly owned subsidiary of Polycom, reporting to Hans Schwarz, Executive Director of China, Senior Vice President, Technology and CTO of Polycom.

Morgan Stanley acted as financial advisor to Polycom in the transaction.

LEAVE A REPLY

Please enter your comment!
Please enter your name here