Avaya announced it has signed an agreement to acquire Radvision, a provider of videoconferencing and telepresence technologies over IP and wireless networks for approximately $230 million.
The proposed deal calls for Radvision shareholders to receive $11.85 per share, with the acquisition expected to close within 90 days.
Through this acquisition Avaya said it will provide customers an integrated and interoperable suite of high-definition video collaboration products with the ability to plug and play multiple mobile devices including Apple’s iPad and Google Android-powered devices.
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Upon closing, Radvision’s enterprise video infrastructure and endpoints will be integrated with Avaya Aura unified communications platform. The Radvision portfolio includes a range of videoconferencing products and technologies targeting enterprises, small business and service providers. The expectation is that by integrating Avaya and Radvision portfolios it will extend intra-company business-to-business and business-to-consumer video communications, and also support internal bring-your-own-device (BYOD) initiatives.
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