Spirent snaps up Radvision's TBU for $25M, enhances VoIP, VoLTE expertise
Spirent is bolstering its voice and video over IP communications, including voice over LTE (VoLTE) capabilities, by reaching a $25 million deal to purchase Radvision's Technology Business Unit (TBU).
Tel Aviv, Israel-based Radvision TBU is currently part of Radvision, which is a subsidiary of Avaya.
Radvision TBU is best known for embedded technologies and test solutions, combining unique expertise in signaling, multimedia and IMS, all of which are used by mobile device manufacturers and service providers.
TBU brings three key components to Spirent: protocol stacks for IMS and SIP; video communications client framework for VoLTE/RCS services for Android, iOS, Windows, or MAC OS-based devices; and the eVident solution, which provides voice and video services monitoring for enterprise-grade voice and video over IP services.
"The addition of Radvision's Technology Business Unit will expand Spirent's test solution portfolio to meet the needs of our customers, from early in the development cycle right through to deployment, helping to save many man-years in development time and cost," said Eric Hutchinson, CEO of Spirent, in a release announcing the acquisition.
Spirent said it expects the acquisition to enhance earnings and generate cash after the first year of closing. For the full year ended Sept. 30 2013, TBU unaudited financial information showed profit before tax of $2.7 million and gross assets of $4.0 million.
When the acquisition closes, TBU will be reported as part of Spirent's Wireless and Service Experience division. After meeting customary closing conditions, Spirent expects to close the deal within 30-60 days.
- see the release
Spirent ousts CEO Burns after poor financial performance, Hutchinson assumes post
Spirent sharpens cloud strategy by purchasing Mu Dynamics for $40M
Spirent targets Ethernet backhaul opportunities