Avaya has signed an agreement to acquire RADVISION Limited.
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 will provide customers a suite of video collaboration products, with the ability to plug and play multiple mobile devices.
Upon closing, RADVISION?s enterprise video infrastructure and high value endpoints will be integrated with Avaya?s Aura Unified Communications (UC) platform to create a solution designed to accelerate the adoption of video collaboration.
