Desktop-dressing pioneer Logitech has snapped up Slim Devices, the company responsible for the very-awesome-indeed Squeezebox in a deal worth $20 million. At 9am on Friday morning, Logitech waltzed into its local bank and cashed a cheque for $20 million. It then popped it in a brown bag, caught a plane to Switzerland and snagged Slim Devices by lunchtime. Easy. Slim not shady Logitech’s President and CEO had this to say: ‘With the acquisition of Slim Devices, Logitech is building on our foundation of innovation in digital music and home-entertainment control to address an emerging market. Our focus is on people who want to listen to and control their digital music, anywhere in the home. Slim Devices brings expertise in both network-based music delivery and high-quality audio, and a committed community of developers.’ Slim Devices was founded in 2001 by Sean Adams, who was later joined by chief technology officer Dean Blackketter. The company has worked with a worldwide open source community to develop the SlimServer software, which powers the Squeezebox and Transporter, as well as the SqueezeNetwork, which delivers content to the devices from the Internet without the need for a PC.
Logitech bags Slim Devices
Desktop-dressing pioneer Logitech has snapped up Slim Devices, the company responsible for the very-awesome-indeed Squeezebox in a deal worth $20 mill