Avaya in deal to acquire Radvision
New Jersey, March 18, 2012
Global communications solutions leader Avaya said it has signed an agreement to acquire Radvision, a leading provider of videoconferencing and telepresence technologies over IP and wireless networks.
The Radvision portfolio includes a full range of videoconferencing products, technologies and expertise serving enterprises, small business, and service providers.
It includes standards-based applications, open infrastructure and endpoints for ad-hoc and scheduled videoconferencing with room-based systems, desktop, and mobile consumer devices.
Avaya said through this acquisition, it aims to provide customers a highly integrated and interoperable suite of cost-effective, easy to use, high-definition video collaboration products, with the ability to plug and play multiple mobile devices including Apple iPad and Google Android.
Upon closing, Radvision's enterprise video infrastructure and high value endpoints will be integrated with Avaya’s award winning Avaya Aura Unified Communications (UC) platform to create a compelling and differentiated solution designed to accelerate the adoption of video collaboration.
The integrated Avaya and Radvision portfolios will extend intra-company business to business (b2b) and business to customer (b2c) video communications, and also supports internal “Bring Your Own Device” initiatives.
In the transaction, which has been approved by each company’s board of directors, Radvision shareholders will receive $11.85 per share, valuing the transaction at $230 million.
'With this acquisition we will seek to extend videoconferencing to any device, anytime, anywhere, making it as easy as a phone call, seizing the opportunity to deliver a fully-integrated solution and architecture that we believe sets us apart from the competition,' remarked Kevin Kennedy, president and CEO of Avaya.
Boaz Raviv, the CEO of Radvision, said, 'Avaya’s commitment to quality, innovation, open architectures and industry standards is an ideal fit to advance our vision for making video part of everyday life.'-TradeArabia News Service
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