Avaya Enters Into Agreement to Acquire RADVISION Ltd.,

15 Mar 2012

Avaya Enters Into Agreement to Acquire RADVISION Ltd.,

Simplifying Video for the Enterprise and “On the Go” Business Users
Video as easy as a phone call or text message

Technology Combination Expected to Allow Avaya To:

• Deliver ease of use video with intuitive collaboration
• Enable anywhere, anytime, any device communication
• Simplify and reduce the cost of today’s complex video networks

For Immediate Release: Thursday March 15, 2012
Basking Ridge, NJ – Avaya Inc. today announced it has signed an agreement to acquire RADVISION Ltd. (Nasdaq:RVSN), a leading provider of videoconferencing and telepresence technologies over IP and wireless networks. Through this acquisition, Avaya will provide customers a highly integrated and interoperable suite of cost-effective, easy to use, high-definition video collaboration products, with the ability to plug and play multiple mobile devices including Apple iPad® and Google Android™.

Upon closing, RADVISION’s enterprise video infrastructure and high value endpoints will be integrated with Avaya’s award winning Avaya Aura® Unified Communications (UC) platform to create a compelling and differentiated solution designed to accelerate the adoption of video collaboration. The RADVISION portfolio includes a full range of videoconferencing products, technologies and expertise serving enterprises, small business, and service providers. It includes standards-based applications, open infrastructure and endpoints for ad-hoc and scheduled videoconferencing with room-based systems, desktop, and mobile consumer devices. The integrated Avaya and RADVISION portfolios will extend intra-company business to business (b2b) and business to customer (b2c) video communications, and also supports internal “Bring Your Own Device” (BYOD) initiatives.

RADVISION’s SCOPIA Video product line and expertise integrated with the open architecture of Avaya Aura® will bridge existing H.323 communications networks and SIP-based environments, delivering scalability and a user experience designed to be intuitive and easy to operate. At the close of the transaction, RADVISION and Avaya channel partners will be positioned to deliver complete UC Video integration, operational support, and professional services.

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.

Entering into this agreement highlights Avaya’s commitment to bring The Power of We™ to every Avaya customer, helping businesses to drive faster collaboration, smarter decisions and better business results.

Supporting Quotes:

“The opportunity for personal workspace is now. Customers demand a rich, collaborative user experience that is interoperable and easy to use. In addition, we believe this transaction will leverage a highly-skilled, incredibly talented and experienced workforce ready to deliver video to enterprise customers. With this acquisition we will seek to extend videoconferencing to any device, anytime, anywhere, making it as easy as a phone call, seizing the opportunity to deliver a fully-integrated solution and architecture that...