Polycom Stockholders Approve Acquisition by Affiliates of Siris Capital Group
Polycom, Inc. (Nasdaq:PLCM), a global leader in helping organizations achieve new levels of teamwork, efficiency and
productivity by unleashing the power of human collaboration, today announced that at the special meeting of Polycom’s stockholders
held on September 2, 2016, its stockholders approved the previously announced acquisition of Polycom by affiliates of Siris Capital
Group, LLC. The transaction is expected to be completed in September/October, 2016, subject to the receipt of certain regulatory
approvals and the satisfaction of other customary closing conditions.
About Polycom
Polycom is a global leader in helping organizations achieve new levels of teamwork, efficiency and productivity by unleashing
the power of human collaboration. More than 400,000 companies and institutions worldwide defy distance with secure video, voice and
content solutions from Polycom to increase productivity, speed time to market, provide better customer service, expand education
and save lives. Together with our global partner ecosystem, we provide flexible collaboration solutions for any environment that
deliver a high-quality user experience, a broad multi-vendor interoperability and investment protection.
Cautionary Statement Regarding Forward-Looking Statements
Statements about the expected timing, completion and effects of the proposed transaction constitute forward-looking statements
within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not
to place undue reliance on these forward-looking statements, and any such forward-looking statements are qualified in their
entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date hereof and
are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results
to differ materially from such forward-looking statements. Polycom may not be able to complete the proposed transaction on the
terms described above or other acceptable terms or at all because of a number of factors, including the failure to satisfy the
closing conditions. Factors that may affect Polycom’s business or financial results are described in the risk factors included in
Polycom’s filings with the Securities and Exchange Commission (the “SEC”), including Polycom’s Annual Report on Form 10-K for the
year ended December 31, 2015 and in Polycom’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 filed with the SEC
on February 29, 2016 and August 4, 2016, respectively. Polycom expressly disclaims a duty to provide updates to forward-looking
statements, whether as a result of new information, future events or other occurrences.
Polycom, Inc.
Investor Contact:
Laura Graves, 408-586-4271
laura.graves@polycom.com
or
Press Contact:
Cameron Craig, 408-586-3776
cameron.craig@polycom.com
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