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Concept
Poly Inc.
Summary
Poly, formerly Polycom, a part of HP Inc., is an American multinational corporation that develops video, voice and content collaboration and communication technology.
Polycom was co-founded in 1990 by Brian L Hinman and Jeffrey Rodman. In 2018 Polycom was acquired by Plantronics
and in 2019 the name of the combined entity was changed to Poly. In 2022, it was sold onwards to HP.
Polycom was co-founded in 1990 by Brian L Hinman and Jeffrey Rodman, who were colleagues at PictureTel Corp. The startup was based in San Francisco, California but soon moved to San Jose, California, with Hinman using 100,000 from friends as seed money. Oak Investment Partners and Accel Partners then contributed an additional 24 million USD in compensation. He was succeeded as CEO by Peter Leav, who was then succeeded in 2016 by Mary McDowell following Polycom's acquisition by Siris Capital Group.
The firm employed approximately 3,800 employees in 2014.
In 2015, Polycom cut 15% of its workforce after posting large dips in sales.
Polycom reported revenues of $1.3 billion for the year of 2015. Peter Leav at that point was both president and CEO, and Laura Durr was chief financial officer and executive vice president (EVP).
Official source
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