Logitech International S.A. (/ˈlɒdʒɪtɛk/ LO-ji-tek; often shortened to Logi) is an American-Swiss provider of personal computer and mobile peripherals, with dual headquarters in Lausanne, Switzerland and Newark, California. The company has offices throughout Europe, Asia and the rest of the Americas. Logitech's sales and marketing activities are organized into four geographic regions: Americas, Europe, Middle East & Africa, and Asia Pacific. The company develops and markets personal peripherals for PC navigation, video communication and collaboration, music and smart homes. This includes products like keyboards, mice, tablet accessories, webcams, Bluetooth speakers, universal remotes and more. Logitech was co-founded in Apples, Vaud, Switzerland, in 1981 by two Stanford alumni, Daniel Borel and Pierluigi Zappacosta, and a former Olivetti engineer, Giacomo Marini.[5] For a t In January 2013, Bracken Darrell became Logitech’s chief executive officer and then CEO Guerrino De Luca continued as Logitech’s chairman of the board.[13] In January 2016, Logitech spun off the video conferencing equipment maker Lifesize.[14][15][16] 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. The U.S. Securities and Exchange Commission said the alleged accounting issues left investors without an accurate view of the Swiss-U.S. company's finances.[17] On 15 September 2016, Logitech announced that they had purchased the Saitek brand and assets from Mad Catz for US$13 million in cash.[18] On 11 August 2017, Logitech acquired Astro Gaming, makers of professional gaming equipment (mainly headset solutions), for US$85 million in cash.[19] Logitech acquired Streamlabs in September 2019.[20] The name Logitech is derived from the French word for software, "logiciel".[3] In Japan, Logitech was established as Logicool to avoid conflict with the Logitec brand.