| [April 30, 2012] |
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RADVISION Ltd. Announces Shareholder Approval of Acquisition of RADVISION by Avaya
TEL AVIV --(Business Wire)--
RADVISION Ltd. (Nasdaq & TASE: RVSN), a leading technology and
end-to-end solution provider for unified visual communications,
announced today that at an Extraordinary General Meeting of Shareholders
held today, its shareholders approved the terms and conditions of the
previously announced acquisition of RADVISION by Avaya (News - Alert) Inc., as well as
all other items on the agenda for the meeting.
The transaction is subject to certain closing conditions. Under Israeli
law, at least 30 days must elapse after the approval of the acquisition
by the shareholders of RADVISION before the acquisition may become
effective. RADVISION and Avaya expect to complete the transaction during
the second fiscal quarter of 2012.
About RADVISION
Founded in 1992, RADVISION (Nasdaq: RVSN) is a leading provider of video
conferencing and telepresence technologies over IP and wireless
networks. RADVISION teams with its channel and service provider partners
to offer end-to-end visual communications that help businesses
collaborate more efficiently. RADVISION propels the unified
communications evolution forward with unique technologies that harness
the power of video, voice, and data over any network. Visit www.radvision.com,
our blog,
and follow us on Facebook,
LinkedIn,
Twitter,
Google+,
and YouTube.
This press release contains forward-looking statements that are
subject to risks and uncertainties. Factors that could cause actual
results to differ materially from these forward-looking statements
include, but are not limited to, general business conditions in the
industry, changes in demand for products, the timing and amount or
cancellation of orders and other risks detailed from time to time in
RADVISION's filings with the Securities Exchange Commission, including
its Annual Report on Form 20-F. These documents contain and identify
other important factors that could cause actual results to differ
materially from those contained in our projections or forward-looking
statements. Stockholders and other readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date on which they are made. We undertake no obligation to update
publicly or revise any forward-looking statement.

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