from the April 2012 issue

Avaya buys Radvision for US$230m

Avaya announced late Thursday that it has signed an agreement to acquire video conferencing company Radvision for US$230 million (S$290 million).

Avaya will pay Radvision shareholders $11.85 per share.

The deal has been approved by both companies' boards and is expected to close in 90 days, Avaya said.

The acquisition will allow Avaya to provide customers with a highly integrated and interoperable suite of video collaboration products, with the ability to plug and play multiple mobile devices including Apple iPad and Google Android.

Reprinted from the Israel High-Tech & Investment Report April 2012

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