TechTaffy

tech:

taffy

Avaya Acquires Radvision For $230 Million

By TechTaffy Desk

[Techtaffy Newsdesk]

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.

 

Just in

Around the web

Windows 11 Start menu ads are now rolling out to everyone — The Verge

Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users, writes Tom Warren. 
Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.