Communications equipment vendor Avaya Inc is to spend $103m in cash to acquire Spectel Inc, an Irish audio conferencing company.
Spectel employs 210 employees and is headquartered in Dublin, Ireland. Four years ago it expanded into the US by acquiring a location in Andover, after paying PictureTel Corp $30m for its Multilink subsidiary. It has 500 customers for its audio conferencing systems.
Spectel offers on-premise, managed on-premise and service-provider packages, including applications for advanced services, such as integration with other productivity software suites and wireless capabilities. Moreover, Spectel’s software is based on industry standards, which means they may easily integrate with systems from a variety of vendors.
Avaya plans to incorporate Spectel’s technology into its IP communications applications suite to expand its converged conferencing capabilities for its customers, according to an Avaya statement.
Converged conferencing combines web, video, audio and data conferencing on an IP network and is part of the converged applications market projected to reach $9.4bn by 2008, according to Avaya.
Avaya recently posted a $58m profit in the second quarter, on $1bn in revenue.