Avaya to acquire Radvision for $US230 million
- 20 March, 2012 15:35
Communications vendor, Avaya has signed an agreement to acquire videoconferencing and telepresence company, Radvision for $US230 million.
In the transaction, which has been approved by each company’s board of directors, Radvision shareholders will receive $US11.85 per share.
Radvision’s enterprise video infrastructure and high value endpoints will be integrated with Avaya’s Aura Unified Communications (UC) platform, to accelerate the adoption of video collaboration with the ability to plug and play multiple mobile devices.
The integrated Avaya and Radvision portfolios will extend intra-company business to business (b2b) and business to customer (b2c) video communications, as well as support internal “Bring Your Own Device” (BYOD) initiatives.
According to Avaya A/NZ (acting) managing director and Asia-Pacific and Japan senior director of channels and marketing, Rick Seeto, the company made the acquisition as it has been active in the collaborative space for the past 12 to 18 months.
“As we extend our work with a lot of our key customers, they try to leverage collaboration to improve their businesses. So, it made sense to bring to market a portfolio of products that we could call our own and Radvision’s video business unit serves the customers that we’re focused on,” he said.
The acquisition is expected to close within approximately 90 days assuming the satisfaction of agreed-upon closing conditions. Upon closing, Avaya will provide further details on Radvision’s trading name, go-to-market strategies and execution plans in A/NZ.
Seeto also said that the overall company direction has not changed since the departure of former managing director, Rob Wells.
Wells left the company in February to pursue a start-up venture and Avaya is still on the search for a new managing director.
Seeto outlined Avaya’s key strategies for 2012, which include:
- Developing the top accounts program to address customers in the large enterprise space
- Driving strong SME business with its IP office products
- Rebuilding its networking business with our networking portfolio
His first focus is on introducing new solutions targeted at the midmarket sector.