Avaya completes Radvision Acquisition

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Avaya has finalized the acquisition of Radvision. Pursuant to the terms of the merger agreement, each outstanding ordinary share of Radvision that was outstanding immediately prior to the effective time of the merger has been automatically converted into the right to receive US$11.85 in cash, without interest and less any applicable withholding taxes, for a total transaction amount of approximately US$230 million. Radvision will operate as an indirect, wholly-owned subsidiary of Avaya under the Radvision brand.

With the close of the acquisition, Avaya is poised to deliver video collaboration solutions suitable for businesses of any size. The combined portfolios tackle the expensive, complex, disconnected experiences that often limit broader adoption of video as a business collaboration tool today. Together, Avaya and Radvision will build on the interoperability that exists between the two portfolios to extend video collaboration inside and outside of the enterprise.

"The acquisition of Radvision is an important milestone in Avaya's transformation to what we believe is the industry's first open, interoperable collaboration platform for business.  As a result of the transaction, Avaya customers can reap the benefits of richer, simplified video collaboration regardless of what system they are currently using," said Kevin J. Kennedy, President & CEO, Avaya.

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