Avaya to buy Radvision

Posted on

Radvision's SCOPIA product line - on course to join the Avaya portfolio.

The much anticipated acquisition of Radvision looks like it has finally gone through with the announcement by Avaya of an agreement to acquire the Tel Aviv-based conferencing specilaist for $11.85 a share. This values the company at $230 million. Much of Radvision’s value is vested in its IP holdings in VC infrastructure holdings.

The strategic rationale for the acquisition is to combine Radvision’s video infrastructure and endpoints with Avaya’s Aura Unified Communications (UC) platform to create ” compelling and differentiated solution designed to accelerate the adoption of video collaboration”  A statement from Avaya combined portfolios “will extend intra-company business to business (b2b) and business to customer (b2c) video communications, and also supports internal “Bring Your Own Device” (BYOD) initiatives”.

At the close of the transaction, Radvision and Avaya channel partners will be positioned to deliver complete UC Video integration, operational support, and professional services. Kevin Kennedy, president and CEO of Avaya said: “The opportunity for personal workspace is now. Customers demand a rich, collaborative user experience that is interoperable and easy to use. In addition, we believe this transaction will leverage a highly-skilled, incredibly talented and experienced workforce ready to deliver video to enterprise customers. 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.”

Boaz Raviv, CEO of Radvision, added: “Radvision has a strong heritage of developing and delivering innovative videoconferencing products and technologies deployed by Fortune 500 companies and global service providers. As companies and their customers seek to deploy a wide range of video capabilities as part of their daily collaboration, the combination of Avaya and Radvision’s portfolio will provide flexible and easy to use solutions. “

The acquisition is subject to shareholder approval but is expected to close within approximately 90 days assuming the satisfaction of agreed-upon closing conditions.

This entry was posted in Headline News. Bookmark the permalink.

Leave a Reply

issue link

Channel Zone

Video Reports:

Fatal error: Uncaught exception 'Zend_Gdata_App_HttpException' with message 'Expected response code 200, got 410 GDataNoLongerAvailableExceptionNo longer available' in /var/www/ucnews/wp-content/plugins/VCNews-Youtube/Zend/Gdata/App.php:709 Stack trace: #0 /var/www/ucnews/wp-content/plugins/VCNews-Youtube/Zend/Gdata.php(221): Zend_Gdata_App->performHttpRequest('GET', 'http://gdata.yo...', Array, NULL, NULL, NULL) #1 /var/www/ucnews/wp-content/plugins/VCNews-Youtube/Zend/Gdata/App.php(875): Zend_Gdata->performHttpRequest('GET', 'http://gdata.yo...', Array) #2 /var/www/ucnews/wp-content/plugins/VCNews-Youtube/Zend/Gdata/App.php(763): Zend_Gdata_App->get('http://gdata.yo...', NULL) #3 /var/www/ucnews/wp-content/plugins/VCNews-Youtube/Zend/Gdata/App.php(205): Zend_Gdata_App->importUrl('http://gdata.yo...', 'Zend_Gdata_YouT...', NULL) #4 /var/www/ucnews/wp-content/plugins/VCNews-Youtube/Zend/G in /var/www/ucnews/wp-content/plugins/VCNews-Youtube/Zend/Gdata/App.php on line 709