Privately held telco supplier Avaya Holdings this morning said it will purchase video conferencing and collaboration equipment and software maker Radvision (RVSN) for $230 million, or $11.85 a share, a 6% premium to Wednesday’s close of $11.20.
Hence, RVSN stock is up 55 cents at $11.75 in pre-market trading.
Avaya CEO Kevin Kennedy said Radvision offered a “highly skilled, incredibly talented and experienced workforce” and would help Avaya bring video conferencing to “any device, anytime, anywhere.”
Avaya, formerly the enterprise equipment arm of Lucent Technologies, was taken private in 2007 by private equity firms inlacing Silverlake Partners. The firm filed an IPO prospectus last summer.
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