On 15 September 2016, Logitech announced that they had purchased the Saitek brand and assets from Mad Catz for US$13 million. 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. Securities and Exchange Commission said the alleged accounting issues left investors without an accurate view of the Swiss company's finances. 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. In January 2016, Logitech spun off the video conferencing equipment maker Lifesize. 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 July 2011, Logitech acquired the mobile visual communications provider Mirial.
In December 2009, Logitech acquired video conferencing equipment maker Lifesize Communications. In December 2008, Logitech announced that it had manufactured one billion mice since 1985. In August 2008, Logitech acquired Ultimate Ears, supplier of custom in-ear monitors for professional musicians and Bluetooth speakers for the consumer market. 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 2001, Logitech acquired Labtec for $150 million in order to expand its range of computer peripherals. 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. Logitech was founded in Apples, Vaud, Switzerland, in 1981 by Stanford alumni Daniel Borel and Pierluigi Zappacosta, and former Olivetti engineer Giacomo Marini. Logitech trades as Logicool ( ロジクール) in Japan.
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