Logitech announced today that it has purchased the maker of the highly acclaimed Harmony Remote advanced remote controls – privately held Intrigue Technologies of Canada – for $29 million in cash, plus a possible performance-based payment, tied to reaching certain future remote control revenues. Harmony Remote's devices (we'll be reviewing one this month) are best known for their online web-based programming methodology which takes the complexity out of programming the remote.
The acquisition of Intrigue is part of Logitech’s strategy to expand its presence in the digital living room. The company already is a leading provider of products for the living room, with its controllers and audio products for console gaming, which have enjoyed robust sales growth during the last twelve months. Logitech is looking to increase momentum by converging it's knowledge of PC control devices (the mouse) with Intrigue's expertise and technology.
Read the Press Release
