PLEASANTON, Calif. - Jan. 8, 2007 - Polycom, Inc. (NASDAQ: PLCM), the world's leading provider of unified collaboration solutions, today announced it has acquired Destiny Conferencing Corporation, a privately held telepresence solutions company headquartered in Dayton, Ohio. Destiny's telepresence solution already incorporates Polycom's leading videoconferencing products and is the basis for Polycom's RPX™ telepresence offering. As a result of the acquisition, Polycom now owns several patents core to telepresence, a rapidly-emerging market driven by the need for dispersed people to communicate as if they are all in the same room.

Polycom purchased Destiny for $47.6 million in cash, which includes repayment of debt and an escrow amount. Destiny shareholders may receive up to an additional $10 million of consideration through 2009, based on the achievement of certain financial milestones.

"With the Polycom HDX™ 9000 high-definition video platform at the core of this immersive solution, Polycom can provide the best telepresence experience through standards-based video technology," said Robert Hagerty, chairman and CEO at Polycom. "In fact, driven by our RPX platform, we are gaining unprecedented visibility with 'C-level' management within enterprise customers, government agencies, and educational institutions. This solution unleashes the power of IP-based collaboration to a level that has previously not been possible."

"Destiny long ago determined that Polycom's video innovations are the best in the industry and, coupled with their global market leadership, is pleased to join Polycom as they capture the wave of telepresence adoption," said David Allen, president and CEO of Destiny Conferencing. "Through this acquisition, Polycom not only gains core intellectual property, but inherits key telepresence customer relationships with organizations such as Capital One, AOL, and Deloitte & Touche."

Destiny has 27 employees, primarily located in Dayton, Ohio, who will be joining Polycom. In addition to its product solutions, Destiny also had a hosting solution that was divested simultaneously with the closing of the transaction.

http://www.polycom.com/investor_relations/1,1434,pw-180-17259,FF.html