Avaya to buy video conferencing company Radvision for $230 million
The addition of the Radvision video portfolio to Avaya’s business collaboration solutions is a powerful combination, say analysts.
Avaya said that it has signed an agreement to acquire Radvision, a provider of videoconferencing and telepresence technologies over IP and wireless networks.
Avaya said that through this acquisition it will provide customers an 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.
“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,” said Kevin Kennedy, president and CEO, Avaya.
In the transaction, which has been approved by each company’s Board of Directors, Radvision shareholders will receive US$11.85 per share, valuing the transaction at approximately $230 million.
The acquisition is expected to close within approximately 90 days assuming the satisfaction of agreed-upon closing conditions.
Upon closing, Radvision’s enterprise video infrastructure and high value endpoints will be integrated with Avaya’s Avaya Aura Unified Communications (UC) platform. 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.
According to Ira M. Weinstein, Senior Analyst and Partner at Wainhouse Research the addition of the Radvision video portfolio to Avaya’s business collaboration solutions is a powerful combination. “Radvision’s video management capabilities, video bridging solutions, and video endpoint portfolio complement the Avaya Aura unified communications platform. This is a win for both of these companies, their channel partners, and their end-user customers.”
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