Cloud managed video services
provider Glowpoint announced that it completed its acquisition of pieces of
Avaya's Managed Service for Video platform.
Glowpoint issued about
770,000 shares of common stock to Avaya for its assets, including telepresence
and video conferencing endpoints and network infrastructure used to deliver
cloud managed video services to enterprise customers, the company said. The
assets will be integrated into Glowpoint's Open Video cloud architecture, which
is used by its Cloud Managed Video Services customers.
The two companies announced
a strategic partnership in May to deliver managed services that support multivendor,
cross-protocol video environments.
"This relationship
combines the leaders in the unified communications market and the managed video
services market, which I believe is very powerful in this new era of mass video
communications adoption. We are thrilled to have the opportunity to enhance
Avaya's video managed service capabilities with our open video cloud managed
services portfolio," Glowpoint President and CEO Joe Laezza, said in a
statement.
"At Avaya, we provide a
full range of communications managed services. Based on the demand we are
seeing from our customers, we regard managed services for integrated video as a
critical part of our overall unified communications strategy," said Avaya
Operations Services Vice President Ed Nalbandian. "We believe
collaborating with Glowpoint will allow us to offer customers and channel
partners an extremely compelling and competitive solution."
Managed Services 
