Israeli telecommunications company, Spirent Communications has entered into a definitive agreement to acquire the assets of Radvision\'s Technology Business Unit (TBU), the part of the Radvision business responsible for delivering developer services, for a cash consideration of USD 25.0 million, funded from existing cash resources, Telecompaper.com reports on July 2, 2014.

Based in Tel, Aviv, Israel, the Radvision TBU offers a complete development and test suite for voice and video over IP communications, including Voice over LTE (VoLTE), and is presently part of Radvision, a wholly owned subsidiary of Avaya.

Spirent plans to maintain the Radvision TBU portfolio of products and services and will integrate them into Spirent\'s test services. Avaya, through Radvision, will retain and continue to operate its video conferencing business under the Video Business Unit.

The acquisition is expected to be cash generative and enhance earnings in the first full year, and give a return on investment exceeding the cost of capital. For the full year ended 30 September 2013, TBU unaudited financial information showed a profit before tax of USD 2.7 million and gross assets of USD 4.0 million. TBU will be reported as part of Spirent\'s Wireless and Service Experience division.