combined larger corporate entity with the tax benefits of the smaller company's location. In July 2016, the Mitel deal was scrapped in favor of an all-cash offer from New York City–based private equity firm Siris Capital Group. Siris acquired Polycom for $1.7 billion. In 2017, Polycom had revenues of $1.1 billion. On March 28, 2018, Plantronics announced that it would acquire Polycom for approximately $2 billion. On December 27, 2018, Plantronics agreed to pay $36 million to settle a bribery investigation connected to Polycom. The United States Justice Department declined to bring criminal charges for misconduct that allegedly occurred between 2006 and 2014, citing Polycom's voluntary disclosure. On March 28, 2022 HP Inc. announced their acquisition of Poly from Plantronics, completed in August of 2022 with a total transaction value of $3.3 billion, including debt. Acquisitions by Poly Note : 1 June 2011 – HP and Polycom, announced they have entered into a definitive agreement under which Polycom will acquire the assets of HP's Visual Collaboration (HPVC) business, including the Halo Products and Managed Services business of HPVC. Products The company also licensed a variety of technologies, including H.264 video codecs, Siren codecs, Session Initiation Protocol (SIP), native 1080p high-definition cameras and displays, native 720p and 1080p high-definition encoding/decoding, low-latency architecture and low bandwidth utilization, wideband advanced audio coding with low delay (AAC-LD), multichannel spatial audio with echo cancellation and interference filters to eliminate feedback from mobile devices, and inter-operation with legacy video conferencing. SoundStation Its first product in 1992 was SoundStation, a triangular speakerphone with full-duplex audio allowing both parties to simultaneously speak and be heard. SoundStation and its successor, SoundStation Premier became the leading brand in the market in the 1990s. The SoundStation was superseded by the SoundStation 2 in 2004 when AT&T discontinued the AT&T DSP16A processor on which the original SoundStation was based. Building on technological advancements that occurred during the nearly 10-year period, the SoundStation 2 exhibited more features and improved sound transparency, although was still limited to 3 kHz audio bandwidth due to its conventional analog POTS connection. It was supplemented by the SoundStation 2W wireless speakerphone, which was a DECT system (WDCT in North America), and by the SoundStation VTX1000 wired speakerphone, the first POTS speakerphone capable of 7 kHz audio or HD Voice operation over conventional telephone lines. Audio Products When the first SoundStation conference phone shipped in 1992. The original device