Avaya acquires Radvision

Avaya has signed an agreement to acquire Radvision limited, a provider of video conferencing and telepresence technologies.

On the acquisition, Radvision's shareholders will receive $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.

With this the the company 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.

Following the closing of the acquisition, Radvision's enterprise video infrastructure and high value endpoints will be integrated with Avaya’s Aura Unified Communications (UC) platform to create a compelling and differentiated solution, designed to accelerate the adoption of video collaboration.

The combined portfolios of the both the companies will extend intra-company business to business (B2B), and business to customer (B2C) video communications, and will also support internal ''Bring Your Own Device''(BYOD) initiatives.

''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.

''Avaya's commitment to quality, innovation, open architectures and industry standards is an ideal fit to advance Radvision's vision for making video part of everyday life,'' said Boaz Raviv, CEO, Radvision.