Avaya announced it has entered into an agreement to acquire Radvision, videoconferencing and telepresence technology provider. The acquisition is targeted to provide Avaya's customers an interoperable suite of high-definition video collaboration products, along with the ability to integrate multiple mobile devices such as the Apple iPad and devices powered by Google Android. Plans call for Radvision's enterprise video infrastructure and endpoints to be integrated with the Avaya Aura unified communications (UC) platform.
The Radvision portfolio includes a full range of videoconferencing products and technologies, and has a customer base that includes enterprises, small businesses and service providers. The portfolio offers standards-based applications, open infrastructure and endpoints for ad hoc and scheduled videoconferencing with room-based systems, desktop and mobile consumer devices. The integration of Radvision's Scopia Video products and expertise with Avaya Aura is designed to bridge existing H.323 communications networks and SIP-based environments.
The acquisition, which has already been approved by each company's board of directors, gives Radvision shareholders $11.85 per share, valuing the transaction at approximately $230 million. The deal is expected to close in about 90 days once agreed-upon closing conditions are met.
Commenting in a statement, 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."
Radvision CEO Boaz Raviv 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."