RADVISION Ltd (NASDAQ:RVSN) has announced that it has acquired certain assets of the Aethra group of companies of Ancona, Italy. The acquisition included certain intellectual property and technology for high definition video conferencing endpoint systems. The purchase price for the acquisition is Euro 7.0 million in cash. RADVISION will also assume specific liabilities relating to the acquisition of Euro 3 million. The company notes that the transaction will be accretive during the fourth quarter of 2010.
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RADVISION Ltd. (RADVISION) is a designer, developer and provider of products and technology that enable real-time voice, video and data communication over packet and mobile third generation (3G) networks, including the Internet and other Internet Protocol (IP), networks. The Company’s business is separated into two units: its videoconferencing Networking Business Unit (NBU), and its software developer toolkit business unit known as the Technology Business Unit (TBU). The Company has over 600 customers worldwide using its Technology Business Unit products, including Aethra, Alcatel, Broadreach, Cisco, Comverse, Huawei, LG Electronics, LifeSize, Microsoft, Nortel, NTT/DoCoMo, Orange Telecom, Philips, Samsung, Siemens, Sony and Telecom Italia.
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