Avaya has signed an agreement to acquire Radvision, a provider of videoconferencing and telepresence technologies over IP and wireless networks.
The transaction, which has been approved by both the company boards, is valued at approximately $230 million. The acquisition is expected to close within approximately 90 days assuming the satisfaction of agreed-upon closing conditions.
Upon closing, Radvision’s enterprise video infrastructure and endpoints will be integrated with Avaya’s Aura Unified Communications (UC) platform.
The Radvision portfolio includes a full range of videoconferencing products, technologies and expertise, including standards-based applications, open infrastructure and endpoints for ad-hoc and scheduled videoconferencing with room-based systems, desktop, and mobile consumer devices.
The integrated Avaya and Radvision 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.