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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
Pursuant to Section 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of April 2000
RADVISION LTD.
(Name of Registrant)
24 Raoul Wallenberg St., Tel Aviv 69719 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F X Form 40-F __
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes __ No X
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RADVISION LTD.
6-K Items
1. RadVision Ltd. Press Release dated April 24, 2000.
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ITEM 1
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VTEL RADVISION NEWS
VTEL Corporation RADVision Inc.
108 Wild Basin Road 575 Corporate Drive
Austin, TX 78746 Suite 420
www.vtel.com Mahwah, NJ 07430
Tel: 512.437.2700 www.radvision.com
Fax: 512.437.2792 Tel: 201.529.4300
Fax: 201.529.3516
Contact:
Michael Russell, Karen Gurwitz, Director of David Seligman, CFO
Director, IR Corp. Communications RADVision, Inc.
VTEL Corporation RADVision, Inc. 972.3.645.5446
(512) 437-2354 201.529.4300, x305 [email protected]
[email protected] [email protected] --------------------------
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VTEL EXTENDS OEM AGREEMENT WITH RADVISION TO OFFER
FAMILY OF V2OIP(TM) ENTERPRISE NETWORKING PRODUCTS
Addition of RADVision Gateway and MCU
Provides VTEL Customers with More H.323 Conferencing Choices
AUSTIN, Texas/Mahwah, NJ - April 24, 2000 - VTEL(R) Corporation (Nasdaq:
VTEL), a leading provider of interactive and Internet-based visual communication
products and services, and RADVision Inc. (Nasdaq: RVSN), a leading provider of
industry-standard products and technology for real-time voice and video
communication over IP, today announced an agreement for VTEL to resell
RADVision's family of V2oIP enterprise products, as part of a complete H.323
conferencing solution.
In the agreement, RADVision will provide VTEL with its market-leading
Gateways and MCU (Multipoint Conferencing Unit), enabling VTEL's customers with
H.320-compliant videoconferencing systems to collaborate with other
first-generation systems as well as with the increasing number of H.323-based
users. These products will be available through VTEL next quarter. Under a
previous agreement, VTEL is a reseller of RADVision's Video Interface Unit
(VIU), which allows H.320 videoconferencing endpoints to communicate with H.323
devices.
"Given VTEL's established foothold in the videoconferencing market and
breadth of product offerings, and RADVision's position as a market leader in
providing proven industry-based standard enabling technologies, it is only
natural that we combine forces to provide best-in-class solutions for VTEL's
customers," said Gene Wolf, president of RADVision, Inc. "This alliance reflects
our
-more-
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VTEL Extends OEM Agreement with RADVision...//Page 2
commitment to accelerating the deployment of multimedia communications over
IP as a cost-effective, easy-to-use solution for organizations today."
"This partnership combines RADVision's proven real-time communication over
IP technology with VTEL's high-speed videoconferencing networks and enhanced
technical services," said Stephen Von Rump, chief executive officer and
president of VTEL. "As an OEM for RADVision, we can integrate its
standard-setting technology with our systems to give customers more choices for
their network connectivity. RADVision is at the vanguard of the IP revolution.
Together, we can offer superior products that link transparently to ISDN-based
networks and integrate with IP networks and other collaborative multimedia
technologies such as video mail and streaming media. Providing this level of
connectivity will make it more convenient for customers to deploy
videoconferencing systems, which will ultimately drive videoconferencing into
the mainstream."
About VTEL
Based in Austin, Texas, with offices and resellers in 61 countries, VTEL
Corporation is a global leader in high technology visual communications products
and services. From Internet visual communications software and services to
videoconferencing systems and video-networking solutions, VTEL offers customers
the most complete range of products and implementation support. VTEL serves
customers in the commercial, education, health care and government markets by
combining the power of traditional videoconferencing with the vast reach of the
Internet.
About RADVision
RADVision is a leading provider of products and technology that enable
real-time voice, video and data communications over packet networks, including
the Internet and other networks based on the Internet protocol or IP.
RADVision's products and technology are used by RADVision customers to develop
systems that enable enterprises and service providers to use next generation
packet networks for real-time IP communications. RADVision is actively involved
in the development of the industry standards that are driving the emergence and
growth of the use of packet networks for real-time communications, and was the
first-to-market with enabling technology and the products required for the
transmission of real-time voice, video and data over packet networks. As a
result, RADVision is well positioned to lead the market with products and
technology that enable enterprises and service providers to migrate their voice
and video communications from traditional telephone networks to next generation
packet networks. The company's products and technology include standards-based
gateways, conferencing bridges, gatekeepers and software toolkits. For more
information, please visit our website at: www.radvision.com.
-more-
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VTEL Extends OEM Agreement with RADVision...//Page 3
This release may include projections and other forward-looking statements that
involve a number of risks and uncertainties and as such, actual results in
future periods may differ materially from those currently expected or desired.
Some of the factors that could cause actual results to differ materially include
rapid changes in technology, changes in customer order patterns or order mix,
the ability to collect certain foreign receivables, foreign exchange rate
fluctuations, the intensity of competition, the cost and availability of certain
key components, the company's ability to manage product transitions and
inventory levels, product pricing pressures, sudden or unexpected changes in
demand for VTEL's videoconferencing systems, and litigation involving
intellectual property and other issues. In addition, notwithstanding the
internal control procedures instituted by VTEL, there can be no guarantee that
accounting errors will not occur. Additional discussion of these and other risk
factors affecting the company's business and prospects is contained in the
company's periodic filings with the SEC.
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 and Exchange Commission, including
RADVISION's Form F-1.
# # #
All trademarks recognized
V2oIP is a registered trademark of RADVision Ltd.
VTEL is a registered trademark of VTEL Corporation.
VTEL Corporation, 108 Wild Basin Road, Austin, Texas, 78746.
Phone: 512-437-2700, Fax: 512-437-2792.
VTEL Website: http://www.vtel.com
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
RADVISION LTD.
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(Registrant)
By /s/David Seligman
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David Seligman
Chief Financial Officer
Dated: April 25, 2000
