Avaya acquires RADVISION for $230 million
Business communications systems supplier Avaya will acquire unified visual communications solutions provider RADVISION, for approximately $230 million in cash. RADVISION will become a wholly-owned subsidiary of Avaya.
Through this acquisition, Avaya will 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.
"We believe this transaction will leverage a highly-skilled, incredibly talented and experienced workforce ready to deliver video to enterprise customers," said Kevin Kennedy, president and CEO, Avaya. 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."
Founded in 1992, RADVISION is a provider of products and technologies for unified visual communications over IP and 3G networks. These products enable customers and partners to deploy unified communication networks and services, and develop video network equipment and device solutions. RADVISION international headquarters and R&D center are located in Tel Aviv, Israel.
Avaya is a privately held global provider of business collaboration and communications solutions, providing unified communications, contact centers, data solutions and related services.