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Logitech

#1404

Rank

$12.39B

Marketcap

CH Switzerland

Country

Logitech
Leadership team

Mr. Bracken P. Darrell (Pres, CEO & Exec. Director)

Mr. Nathan Olmstead (Chief Financial Officer)

Mr. Prakash Arunkundrum (Head of Global Operations & Sustainability)

Products/ Services
B2B, Consumer Electronics, Gaming, Hardware, Software, Video Conferencing, Virtual Reality
Number of Employees
1,000 - 20,000
Headquarters
Newark, California, United States
Established
1981
Company Registration
SEC CIK number: 0001032975
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
LOGI
Social Media
Overview
Location
Summary
Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that connect people to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices. It also provides keyboards, mice, headsets, and simulation products, such as steering wheels and flight sticks for gamers; video conferencing products, such as ConferenceCams, which combine enterprise-quality audio and high-definition video to bring video conferencing to businesses of any size; webcams and headsets that turn desktop into collaboration space; and controller for video conferencing room solutions. In addition, the company offers portable wireless Bluetooth and Wi-Fi connected speakers, mobile speakers, PC speakers, PC headsets, microphones, in-ear headphones, and wireless audio wearables; home entertainment controllers, and home security cameras. Its channel network includes consumer electronics distributors, retailers, e-tailers, mass merchandisers, specialty stores, computer and telecommunications stores, value-added resellers, and online merchants. The company sells its products under the Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones, Ultimate Ears, and Jaybird brands. Logitech International S.A. was incorporated in 1981 and is headquartered in Lausanne, Switzerland.
History

Logitech was founded in Apples, Vaud, Switzerland, in 1981 by Stanford alumni Daniel Borel and Pierluigi Zappacosta, and former Olivetti engineer Giacomo Marini. For a time during its formative years, Logitech's Silicon Valley offices occupied space at 165 University Avenue, Palo Alto, California, home to a number of noted technology startups.In 2001, Logitech acquired Labtec for $150 million in order to expand its range of computer peripherals.

In 2007, Logitech licensed Hillcrest Labs' Freespace motion control technology to produce the MX Air Mouse, which allows a user to use natural gestures to control a PC.In August 2008, Logitech acquired Ultimate Ears, supplier of custom in-ear monitors for professional musicians and Bluetooth speakers for the consumer market.In December 2008, Logitech announced that it had manufactured one billion mice since 1985.In December 2009, Logitech acquired video conferencing equipment maker Lifesize Communications.In July 2011, Logitech acquired the mobile visual communications provider Mirial.In January 2013, Bracken Darrell became Logitech's chief executive officer; then-CEO Guerrino De Luca continued as Logitech's chairman of the board.In January 2016, Logitech spun off the video conferencing equipment maker Lifesize.In April 2016, Logitech agreed to pay US$7.5 million penalty related to accusations that it and some former executives improperly inflated the company's results for its 2011 fiscal year to meet guidance and other accounting violations. The U.S. Securities and Exchange Commission said the alleged accounting issues left investors without an accurate view of the Swiss company's finances.On 12 April 2016, Logitech announced that they had agreed to acquire Jaybird, a leader in wireless audio wearables for sports and active lifestyles, for US$50 million, with an additional earnout of up to US$45 million based on achievement of growth targets.On 15 September 2016, Logitech announced that they had purchased the Saitek brand and assets from Mad Catz for US$13 million.On 25 March 2017, Logitech signed a multi-year sponsorship deal with McLaren as the Official Technology Peripherals Partner. The deal would later be extended to McLaren's eSports endevours under the Logitech G brand in 2020. On 11 August 2017, Logitech acquired Astro Gaming, makers of professional gaming equipment , for US$85 million.On 30 July 2018, Logitech announced that they had purchased Blue Microphones for US$117 million.On 26 September 2019, Logitech acquired Streamlabs, producer of software and tools for live-streaming, for approximately $89 million. In the same year, they also acquire Challonge, a webtool used to manage e-sport tournament brackets.On 29 July 2021, Logitech, in collaboration with choreographer JaQuel Knight, introduced its #Creators4BIPOC initiative under the Logitech For Creators brand. It allows social media creators, particularly BIPOC influencers, to copyright and monetize their online creations by making it possible for choreographers who amplify attention to hits by major artists in the entertainment business to secure copyright of their choreography using Labanotation and earn royalties from it.

Mission
Logitech scrutinizes every surface, every button, every software screen, and every other meticulous detail with the intent of providing its customers with premium peripherals of unmatched beauty, supreme comfort, and superior performance.
Vision
As a company, we’re small and flexible enough for every person to take initiative and make things happen. But we’re big enough in our portfolio, and reach, for those actions to have a global impact. That’s a pretty sweet spot to be in and we’re always striving to keep it that way.
Key Team

Ms. Samantha E. Harnett (Gen. Counsel & Sec.)

Massimo Rapparini (Chief Information Officer)

Mr. Ben Lu C.F.A. (VP of Investor Relations)

Mr. Alastair Curtis (Chief Design Officer)

Ms. Ehrika Gladden (Head of Global Video Collaboration of Sales & Marketing)

Nicole Kenyon (Head of Global Corp. & Employee Communications - USA)

Ms. Krista Todd (VP of Global Communications - USA)

Recognition and Awards
Logitech has received numerous awards and recognition for its products, which range from top-of-the-line gaming accessories to desktop and mobile keyboards and mice. The Logitech G29 gaming steering wheel won the 2021 Computex Best Choice award, and Logitech’s Brio webcam won a Red Dot design award in 2017.
References
Logitech
Leadership team

Mr. Bracken P. Darrell (Pres, CEO & Exec. Director)

Mr. Nathan Olmstead (Chief Financial Officer)

Mr. Prakash Arunkundrum (Head of Global Operations & Sustainability)

Products/ Services
B2B, Consumer Electronics, Gaming, Hardware, Software, Video Conferencing, Virtual Reality
Number of Employees
1,000 - 20,000
Headquarters
Newark, California, United States
Established
1981
Company Registration
SEC CIK number: 0001032975
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
LOGI
Social Media