Fueled largely by the boom in video conferencing gear, Polycom is a possible acquisition target as hedge funds continue to covet the firm, according to media reports Friday. The Gores Group, a private equity group with investments in networking firms, is moving to reopen talks with Polycom, the Financial Times reported. After Cisco paid $3.4 billion for videoconferencing provider Tandberg, interest in Polycom has heated up. Now the largest independent videoconferencing provider, Polycom has recently inked new contracts with Avaya and HP. The Gores Group already has a stable of networking investments, led by its 2008 investment in Siemens Enterprise Communications unit and its earlier investment in Enterasys and SER Solutions. Enterasys was formerly known as Cabletron.