Plantronics

Plantronics, Inc.
Company typeSubsidiary
IndustryConsumer electronics
Founded1961 (1961)
HeadquartersSanta Cruz, California, U.S.
Key people
Dave Shull (President and CEO)
ProductsEnterprise and consumer audio products, software and services
RevenueDecrease US$1.68 billion (2022)
Decrease US$−32 million (2022)
Increase US$17.9 million (2022)
Total assetsDecrease US$2.23 billion (2022)
Total equityIncrease US$20.2 million (2022)
Number of employees
c. 6,500 (April 2022)
ParentHP Inc.
SubsidiariesPolycom, Inc.
Websitewww.poly.com Edit this at Wikidata
Footnotes / references
Financials as of April 2, 2022.[1]

Plantronics, Inc. is an American electronics company — branded Poly to reflect its dual Plantronics and Polycom heritage — producing audio communications equipment for business and consumers. Its products support unified communications, mobile use, gaming and music. Plantronics is headquartered in Santa Cruz, California, and most of its products are produced in China and Mexico.[2]

On March 18, 2019, Plantronics announced that it would change its name to Poly following its acquisition of Polycom,[3] although it continues to trade on the New York Stock Exchange as Plantronics, Inc. (POLY; listed as PLT until May 24, 2021[4]).

On March 28, 2022, HP Inc. announced its intent to acquire Poly for $1.7 billion in cash as it looks to bolster its hybrid work offerings, such as headsets and videoconferencing hardware.[5] Including debt, the deal valued at $3.3 billion and closed in August 2022.[6][5]

  1. ^ "Plantronics, Inc. Form 10-K For the fiscal year ended April 2, 2022". U.S. Securities and Exchange Commission. May 27, 2022.
  2. ^ "Plantronics products by country of origin". productfrom.com. Retrieved June 9, 2017.
  3. ^ "Meet Poly: Plantronics + Polycom Relaunches to Focus on Driving The Power of Many". Press release. poly.com. Retrieved February 7, 2021.
  4. ^ "Poly Announces NYSE Ticker Symbol Change from "PLT" to "POLY"". newsroom.poly.com. Retrieved June 29, 2021.
  5. ^ a b "HP seeks to ride hybrid work boom with $1.7 billion Poly buyout". Reuters. March 28, 2022.
  6. ^ Shane Snider (August 29, 2022). "HP Completes Massive Poly Deal To Boost Hybrid Offerings". CRN.

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