Polycom has announced the completion of its acquisition by affiliates of Siris Capital Group LLC in a transaction with an equity value of approximately $2.0 billion in cash. Polycom’s stock will cease trading on the NASDAQ under the ticker symbol PLCM.
Mary McDowell, who succeeds Peter Leav as CEO and board member, is a technology executive who has led global multi-billion dollar businesses in the mobile, consumer and enterprise sectors. Prior to joining Polycom, McDowell was an Executive Partner at Siris Capital and was formerly the EVP, Mobile Phones at Nokia, where she held global P&L
New Polycom CEO Mary McDowell is a technology executive who has led global multi-billion dollar businesses in the mobile, consumer and enterprise sectors.
resonsbility for the feature phone business and associated software and digital services.
She joined Nokia in 2004 to lead the Enterprise Solutions business and later served as Chief Development Officer. McDowell has also held senior positions at Compaq Computer and Hewlett Packard. With the closing of the transaction, the company will continue to operate as Polycom, Inc., and will be wholly owned by affiliates of Siris Capital.
