UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
November 4, 2002
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Date of Report
(Date of earliest event reported)
RADVISION LTD.
(Exact name of registrant as specified in its charter)
Israel 000-29871 N/A
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
24 Raoul Wallenberg Street, Tel Aviv 69719, Israel
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(Address of principal executive offices and zip code)
011-972-3-645-5220
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. Other Events.
RADVISION ANNOUNCES INDUSTRY'S FIRST
VIDEOCONFERENCING NETWORK APPLIANCE
New INVISION Product Line Integrates All
Videoconferencing Functionality Into Single Plug-and-Play Device
Glen Rock, New Jersey, November 4, 2002 -- RADVISION (NASDAQ: RVSN) today
announced its INVISION product line, the industry's first ever suite of
videoconferencing network appliances. Unique in the industry, the INVISION
family of products provides IT managers with plug-and-play devices that are
easily ordered and deployed into any enterprise network for turn-key
videoconferencing over IP and ISDN.
"Network Appliance" is a general product category for standardized devices that
are preconfigured, scaleable, and designed to be plugged into a network for easy
deployment and management. INVISION features the full functionality of an entire
IP/ISDN videoconferencing infrastructure, from centralized management and
multipoint conferencing to gateway services and value-added applications, in an
integrated, easy-to-order and easy-to-install device.
"As IT managers begin to layer videoconferencing over their other communications
applications, there is increasing demand for a videoconferencing network
appliance that is preconfigured and easily integrates into an IP network with
full ISDN technology support," said Roopam Jain, strategic analyst at Frost &
Sullivan, a leading industry consultancy. "With the INVISION line of network
appliances, RADVISION has leveraged its leadership in videoconferencing
infrastructure to be the first-to-market with an off-the-shelf network appliance
that bridges the legacy world of ISDN with today's IP-based converged
communications network."
"Until today's launch of the INVISION product line, videoconferencing products
were complicated to order and deploy and required extensive technical
configuration by the reseller or end user, which was a classic sign of an
emerging technology sold to early adopters," said Gadi Tamari, CEO of RADVISION.
"In rolling out the industry's first network appliance, we are preparing for the
next phase of videoconferencing, one in which we expect to see strong market
growth and broad videoconferencing deployment throughout enterprises because of
its ease of use."
"Responding to market requests for an easy to order and install solution, we
developed a suite of standardized, off-the-shelf network devices that IT
managers can simply plug into the corporate LAN and use to quickly implement
videoconferencing, either as a stand alone solution or bundled with other
IP-based solutions such as voice over IP," Tamari continued.
A Variety Of Models For All Enterprise Needs
The INVISION family features two key product lines, the INVISION 100, for the
small and medium enterprise, and the INVISION 410, for the large enterprise. The
product line offers a variety of standard configurations to meet the needs of
enterprise customers looking for an off-the-shelf product, from a small business
with only a few end points, all the way up to large, Fortune 1000 installations
supporting dozens of end points over a converged broadband IP network which also
has ISDN-based legacy end points.
The entire INVISION product line features full IP and ISDN support,
plug-and-play functionality, and complete address resolution for simplified
dialing. The product line also has an enhanced video option that enables rate
matching and screen layouts of up to 13 (INVISION 100) or 16 (INVISION 410)
video users.
All products feature the integrated functionality of a gateway, gatekeeper, and
multipoint conferencing bridge. The INVISION 100 comes in either a four BRI or
one PRI configuration. The four BRI (INVISION 100/4b) supports a mix of up to
eight voice only calls (@ 64 Kbps), 12 multipoint sessions over IP and ISDN, and
one conferencing or gateway port (@ 384 Kbps). The one PRI unit (INVISION
100/1p) supporting 23 voice only calls (@ 64 Kbps), 12 multipoint over IP and
ISDN, and three conferencing or gateway ports (@ 384 Kbps). The INVISION 410 has
four PRIs, supporting 92 voice only calls (@ 64 Kbps), 21 multipoint sessions
over IP and ISDN, and fourteen conferencing or gateway ports (@ 384 Kbps).
The INVISION product family also includes an integrated network management
system and end-user conference control capability with intuitive, Web-based user
interfaces. Finally, INVISION enables a global view and control of the system,
including IP bandwidth consumption, ISDN use, current calls, ongoing
conferences, and complete control over voice and video traffic bandwidth
management.
Availability
The INVISION 100 is available for order today. The INVISION 410 will be
available in early Q1 of 2003.
About RADVISION
RADVISION (Nasdaq: RVSN) is the industry's leading provider of products and
technologies for videoconferencing, video telephony, and the development of
converged voice, video and data over IP and wireless networks. RADVISION's
Networking Business Unit (NBU) offers one of the broadest and most complete set
of videoconferencing networking systems for IP- and ISDN-based end points and
networks on the market today. The company also leverages its protocol expertise
and IP-centric platform to provide service providers and businesses with an
integrated platform with which to deliver converged IP-based video telephony
applications to employee computer desktops and residential broadband homes. The
Company's Technology Business Unit (TBU) provides next generation protocol
development tools and platforms, enabling equipment vendors and service
providers to develop and deploy new converged networks, services, and
technologies. For more information please visit our website at
www.radvision.com.
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 Exchange Commission, including
RADVISION's Form 10-K Annual Report. These documents contain and identify other
important factors that could cause actual results to differ materially from
those contained in our projections or forward-looking statements. Stockholders
and other readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on which they are
made. We undertake no obligation to update publicly or revise any
forward-looking statement.
All trademarks recognized
Contact:
RADVISION
David Seligman
201/689-6333
cfo@radvision.com
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Peter Benedict
201/689-6311
pr@radvision.com
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or
Investor:
Lippert/Heilshorn & Associates
Jody Burfening/Kathy Price
212/838-3777
jbs@lhai.com
SIGNATURE
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.
Date: November 4, 2002 RADVISION LTD.
(Registrant)
By: /s/David Seligman
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David Seligman
Chief Financial Officer