Logitech buys SightSpeed video chat for $30 million in cash money

In these tough times there are plenty of bargains to be had for companies with liquid reserves and Logitech is taking full advantage, paying $30 million in cash for video conferencing startup SightSpeed. The company doesn't have nearly the name recognition of, say, Skype, but its software has been highly praised and sits at the core of Dell's Video Chat application. Exactly what Logitech will do with its new toy remains to be seen, but some strong integration with the QuickCam line is surely in the cards, and we wouldn't be surprised if this new relationship spawns a competitor to Creative's (also SightSpeed-infused) inPerson -- though hopefully at a price point far, far lower than that clamshell's $859.