Glowpoint Completes Acquistion of Avaya Managed Video Services
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."