In the transaction, which has been approved by each company’s Board of Directors, Radvision shareholders will receive US$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.
Through this acquisition, Avaya says it 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.
Upon closing, Radvision’s enterprise video infrastructure and high value endpoints will be integrated with Avaya’s Avaya Aura Unified Communications (UC) platform to create a compelling and differentiated solution designed to accelerate the adoption of video collaboration.
The Radvision portfolio includes a full range of videoconferencing products, technologies and expertise serving enterprises, small business, and service providers. It includes 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.
Radvision’s SCOPIA Video product line and expertise integrated with the open architecture of Avaya Aura will bridge existing H.323 communications networks and SIP-based environments, delivering scalability and a user experience designed to be intuitive and easy to operate. At the close of the transaction, Radvision and Avaya channel partners will be positioned to deliver complete UC Video integration, operational support, and professional services.