Radvision
{{Short description|Israeli telecommunication company}}
{{COI|date=May 2023}}
{{Infobox company
| name = RADVISION
| logo = Radvision_logo.jpg
| logo_size = 250px
| image = File:Radvision SCOPIA XT1000.jpg
| type = Public
| foundation = {{start date and age|1992}}
| location = 211 Mt. Airy Road, Basking Ridge, New Jersey U.S.
| key_people = {{ubl
|Ami Amir
|Gadi Tamari
|Boaz Raviv (CEO)
}}
| num_employees = 430
| industry = Videoconferencing, Teleconferencing, Collaboration, VOIP
| products = Scopia Videoconference systems, VoIP developerToolkits
| revenue = {{profit}}$95,239 million USD (2010)
}}
Radvision was a provider of video conferencing solution{{buzzword inline|date=July 2023}} and enabling products for IP communication developers based in Tel Aviv, Israel.{{Cite web |title=Texas Instruments and RADVISION Team to Offer Fully Integrated Silicon and Software Solutions for IP Phones and Gateways |url=https://www.ti.com/sc/docs/news/2001/01186.htm |access-date=2023-04-17 |website=www.ti.com}}{{Cite web |date=2006-03-13 |title=Microsoft and RADVISION Sign Licensing Agreement to Provide Live Communications Server-Compatible SIP Toolkits |url=https://news.microsoft.com/2006/03/13/microsoft-and-radvision-sign-licensing-agreement-to-provide-live-communications-server-compatible-sip-toolkits/ |access-date=2023-04-17 |website=Stories |language=en-US}} Radvision was acquired by Avaya in June 2012.{{Cite web |title=Avaya Completes Radvision Acquisition |url=https://investors.avaya.com/investor-news/news-release-details/2012/Avaya-Completes-Radvision-Acquisition/default.aspx |access-date=2023-04-17 |website=investors.avaya.com |language=en-US |archive-date=2023-03-22 |archive-url=https://web.archive.org/web/20230322220925/https://investors.avaya.com/investor-news/news-release-details/2012/Avaya-Completes-Radvision-Acquisition/default.aspx |url-status=dead }} Spirent Communications acquired Radvision's Technology Business Unit from Avaya in July 2014, to become Spirent Developer Tools Business Unit.{{Cite web |title=Spirent Agrees To Acquire Radvision's Technology Business Unit |url=https://investors.avaya.com/investor-news/news-release-details/2014/Spirent-Agrees-To-Acquire-Radvisions-Technology-Business-Unit/default.aspx |access-date=2023-04-17 |website=investors.avaya.com |language=en-US |archive-date=2023-03-22 |archive-url=https://web.archive.org/web/20230322220913/https://investors.avaya.com/investor-news/news-release-details/2014/Spirent-Agrees-To-Acquire-Radvisions-Technology-Business-Unit/default.aspx |url-status=dead }}
History
= Beginning =
Radvision was founded in 1992 by Ami Amir and Eli Doron with the goal of developing a video call management platform that would operate on users' personal computers through the organization's network. However, at that time, the demand for such a product was limited, which led the company to shift towards selling technological software toolkits to developers building VoIP equipment.
= Technology Activities =
Starting in 1995, Radvision participated in standardization activities for VoIP communication systems in collaboration with major players such as Intel and Microsoft.{{Cite web |title=What is VoIP (voice over Internet Protocol)? Definition from SearchUnifiedCommunications |url=https://www.techtarget.com/searchunifiedcommunications/definition/VoIP |access-date=2023-06-19 |website=Unified Communications |language=en}} In the late 2000s, Radvision established a technology unit specializing in the development of software infrastructures, testing tools, and converged voice, video, and data services over IP and 3G networks.
In 2001, the company expanded its product range by adding full support for SIP protocols{{Cite web |title=RADVISION DEVELOPING SESSION INITIATION PROTOCOL TECHNOLOGY. - Free Online Library |url=https://www.thefreelibrary.com/RADVISION+DEVELOPING+SESSION+INITIATION+PROTOCOL+TECHNOLOGY-a062855044 |access-date=2023-06-19 |website=www.thefreelibrary.com}} in addition to the dominant H.232 protocol at that time. At the same time, Radvision signed an agreement with Texas Instruments to integrate MEGACO into IP phones and VoIP gateways for residential and small office/home office environments.{{Cite web |title=Texas Instruments and RADVISION Team to Offer Fully Integrated Silicon and Software Solutions for IP Phones and Gateways |url=https://www.ti.com/sc/docs/news/2001/01186.htm |access-date=2023-06-19 |website=www.ti.com}}
In 2004, Radvision was selected by Freescale to provide development tools for applications that capitalized on the specialized processing capabilities of their chips.{{Cite web |last=Radvision |first=(RVSN) |date=22 October 2004 |title=Freescale Chooses Radvision |url=https://www.lightreading.com/mobile/freescale-chooses-radvision/d/d-id/608064?videoId=6322088654112 |website=www.lightreading.com}} Additionally, during the same year, Radvision introduced an extensive suite of developer solutions{{buzzword inline|date=July 2023}} specifically designed for 3G and WiFi technologies.{{Cite news |date=2004-03-23 |title=Radvision announces comprehensive suite of 3G and WIFI developer solutions |pages=1–2 |work=mayafiles.tase.co.il |url=https://mayafiles.tase.co.il/RPdf/91001-92000/P91483-00.pdf}} Radvision adopted IMS technology in 2006{{Cite web |title=RADVISION Announces General Availability of the IMS SIP Developer Suite 5.0 |url=https://news.thomasnet.com/fullstory/radvision-announces-general-availability-of-the-ims-sip-developer-suite-5-0-806050 |access-date=2023-06-19 |website=news.thomasnet.com}} and signed a licensing agreement with Microsoft to provide SIP-based Live Communications Server-compatible tools.{{Cite web |date=2006-03-13 |title=Microsoft and RADVISION Sign Licensing Agreement to Provide Live Communications Server-Compatible SIP Toolkits |url=https://news.microsoft.com/2006/03/13/microsoft-and-radvision-sign-licensing-agreement-to-provide-live-communications-server-compatible-sip-toolkits/ |access-date=2023-06-19 |website=Stories |language=en-US}} In 2010, the company collaborated with Samsung to develop a dedicated multimedia LCD monitor for HD video conferencing.{{Cite web |date=2009-06-17 |title=Samsung and RADVISION Develop HD Video Conference Multimedia LCD Monitor |url=https://www.techpowerup.com/97043/samsung-and-radvision-develop-hd-video-conference-multimedia-lcd-monitor |website=www.techpowerup.com}} Additionally, the company introduced BEEHD, a new client framework for desktop, embedded, and mobile devices, offering a comprehensive solution{{buzzword inline|date=July 2023}} for advanced video communications{{Cite web |date=2010-06-09 |title=Radvision unveils BEEHD client framework portfolio |url=https://www.telecompaper.com/news/radvision-unveils-bee-client-framework-portfolio--739140 |access-date=2023-06-19 |website=www.telecompaper.com}}
= Video Activities =
Radvision quickly established itself as a major player in the field of video conferencing. In 1993, they developed innovative technology enabling real-time video transfer over IP networks. The following year, in 1994, Radvision introduced a video gateway connecting IP and ISDN networks, paving the way for advanced video communications. In 1996, the company unveiled its range of viaIP video conferencing solutions{{buzzword inline|date=July 2023}}, followed by the introduction of a Gatekeeper system (ECS) in 1998.{{Cite web |title=RADVISION Announces ViaIP Version II |url=https://www.streamingmedia.com/PressRelease/RADVISION-Announces-ViaIP-Version-II-_6302.aspx |access-date=2023-06-19 |website=Streaming Media Magazine |language=en-US}}
In early 2001, Radvision collaborated with Cisco to launch a range of video conferencing products based on its technology.{{Cite web |last=Fonseca |first=Brian |date=2001-01-31 |title=Cisco hails videoconferencing based on RADVision technology |url=https://www.computerworld.com/article/2801731/cisco-hails-videoconferencing-at-comnet.html |access-date=2023-06-19 |website=Computerworld |language=en}} In 2006, they also partnered with Lifesize to collaborate on high-definition video communications.{{Cite web |last=Staff |first=S. V. C. |date=2006-08-07 |title=LifeSize and Radvision Collaborate on High-Definition Video Communications |url=https://www.svconline.com/news/lifesize-and-radvision-collaborate-high-definition-video-communications-398489 |access-date=2023-06-19 |website=Sound & Video Contractor |language=en-US}} Simultaneously, they implemented video conferencing systems in the networks of major service providers.{{Cite web |title=Orange Business launches Orange Video Meeting {{!}} Orange Business |url=https://www.orange-business.com/en/press/orange-business-services-launches-orange-video-meeting-app-enabling-access-to-video-meetings |access-date=2023-06-19 |website=www.orange-business.com |language=en}} In 2010, Radvision established a new strategic partnership with Microsoft to develop a powerful combination of hardware and software solutions{{buzzword inline|date=July 2023}} integrated with Microsoft Lync.{{Cite web |title=RADVISION : Enters New Strategic Partnership with Microsoft {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/RADVISION-LTD-10730/news/RADVISION-Enters-New-Strategic-Partnership-with-Microsoft-13474485/ |access-date=2023-06-19 |website=www.marketscreener.com |date=11 October 2010 |language=en}}
As a pioneer in the field of technology gateways, Radvision introduced the SCOPIA 3G Video Gateway in 2007,{{Cite web |last=Meserve |first=Jason |date=2003-02-19 |title=Radvision builds gateway to wireless world |url=https://www.networkworld.com/article/2355455/radvision-builds-gateway-to-wireless-world.html |access-date=2023-06-19 |website=Network World |language=en}} becoming the first product in the emerging 3G industry.{{Cite web |title=Radvision : RADVISION(R) Releases Next Generation SCOPIA(TM) 3G Video Gateway {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/RADVISION-LTD-10730/news/Radvision-RADVISION-R-Releases-Next-Generation-SCOPIA-TM-3G-Video-Gateway-371310/ |access-date=2023-06-19 |website=www.marketscreener.com |date=4 June 2007 |language=en}} In 2012, Radvision enriched its video conferencing offerings with the SCOPIA suite, which emerged as one of the most high-performance HD video conferencing systems in its category.{{Cite web |title=RADVISION LTD. : RADVISION Launches the Industry's Most Powerful HD Video Conferencing System in Its Class {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/RADVISION-LTD-6492691/news/RADVISION-LTD-RADVISION-Launches-the-Industry-s-Most-Powerful-HD-Video-Conferencing-System-in-Its-13993808/ |access-date=2023-06-19 |website=www.marketscreener.com |date=31 January 2012 |language=en}}
= IPO, Mergers and Acquisitions Activities =
In March 2000, Radvision went public on NASDAQ (RVSN) and successfully raised $76 million, with a valuation of $380 million.{{Cite news |last=By |date=2000-03-15 |title=RADVision, FairMarket Soar After IPOs |language=en-US |work=The New York Times |url=https://www.nytimes.com/2000/03/15/technology/radvision-fairmarket-soar-after-ipos.html |access-date=2023-04-17 |issn=0362-4331}} Its shares were traded on both the NASDAQ and Tel Aviv Stock Exchanges until June 2012. In early 2001, Gadi Tamari took over from Ami Amir, and starting from January 2006, Boaz Raviv assumed the role of CEO until the company was acquired by AVAYA in June 2012.{{Cite web |last=Shira |first=Horesh |date=10 November 2005 |title=Boaz Raviv to replace Gadi Tamari as Radvision CEO |url=https://en.globes.co.il/en/article-1000027962}}
Radvision also expanded its activities through mergers and acquisitions. In 2004, they acquired Visionex, a Chinese company, along with its IView management platform. This acquisition strengthened Radvision's presence in the video conferencing market, particularly in the field of management solutions.{{buzzword inline|date=July 2023}}{{Cite journal |last=Radvision |first=(RVSN) |title=FORM 20-F |url=https://www.sec.gov/Archives/edgar/data/1105519/000117891312001151/zk1211307.htm |journal=Securities and Exchange Commission |volume=0-29871 |pages=45}}
In 2005, Radvision acquired FVC.com,[http://www.fvc.com/ FVC website] {{webarchive|url=https://web.archive.org/web/20061015205108/http://www.fvc.com/|date=15 October 2006}} a company specializing in video conferencing, along with their software product Click to Meet (formerly CU-SeeMe).{{Cite web |last=Meserve |first=Jason |date=2004-11-16 |title=FVC ships Click to Meet 4.1 |url=https://www.networkworld.com/article/2327082/fvc-ships-click-to-meet-4-1.html |access-date=2023-06-19 |website=Network World |language=en}} This acquisition enhanced Radvision's product range and enabled them to offer more comprehensive solutions{{buzzword inline|date=July 2023}} for workstations.
In 2009, a significant acquisition occurred when Cisco acquired Radvision's competitor, Tandberg, for approximately $3.3 billion.{{Cite web |title=Cisco Completes TANDBERG Offer and Launches Compulsory Acquisition |url=https://newsroom.cisco.com/c/r/newsroom/en/us/a/y2010/m04/cisco-completes-tandberg-offer-and-launches-compulsory-acquisition.html |access-date=2023-04-17 |website=newsroom.cisco.com |language=en}} This acquisition had a significant impact on the video conferencing industry and opened new opportunities for Radvision by strengthening its own brand position in the global market.{{Cite web |last=Stienblatt |first=Ron |date=5 October 2009 |title=Radvision CEO: We'll recover from Cisco setback |url=https://en.globes.co.il/en/article-1000502908}}
In 2010, Radvision continued its acquisition strategy by purchasing the assets of the Italian company AETHRA.{{Cite web |last=Writer |first=CBR Staff |date=2010-02-02 |title=Radvision to acquire assets of Aethra |url=https://techmonitor.ai/technology/radvision_to_acquire_assets_of_aethra_100203 |access-date=2023-04-16 |website=Tech Monitor |language=en-US}} This acquisition allowed Radvision to expand its product portfolio by adding high-quality video conferencing room systems. It further strengthened their market position and enabled them to meet customer needs with a more comprehensive SCOPIA offering.
Finally, in 2012, Radvision was acquired by Avaya,{{Cite web |title=Avaya Completes Radvision Acquisition |url=https://investors.avaya.com/investor-news/news-release-details/2012/Avaya-Completes-Radvision-Acquisition/default.aspx |access-date=2023-04-17 |website=investors.avaya.com |language=en-US |archive-date=2023-03-22 |archive-url=https://web.archive.org/web/20230322220925/https://investors.avaya.com/investor-news/news-release-details/2012/Avaya-Completes-Radvision-Acquisition/default.aspx |url-status=dead }} a company specializing in enterprise unified collaboration.{{Cite web |last=Anderson |first=Jeffrey |date=2012-12-15 |title=Avaya Brings Radvision Video Capabilities to Aura UC Solutions |url=https://www.eweek.com/networking/avaya-brings-radvision-video-capabilities-to-aura-uc-solutions/ |access-date=2023-04-19 |website=eWEEK |language=en-US}}
= Locations =
Radvision has its headquarters in Israel, with offices in the United States, United Kingdom, Brazil, India, Hong Kong, Japan, Korea, China, and Singapore.
See also
References
{{Companies of the RAD Group}}
{{TA 100 companies}}
{{Dot-com Bubble}}
Category:Telecommunications companies of Israel
Category:VoIP companies of the United States
Category:Companies formerly listed on the Nasdaq
Category:Telecommunications companies established in 1992