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TPG Capital, Silver Lake To Provide Majority Funding For Avaya's Radvision Buy

Private investment firms TPG Capital and Silver Lake Partners on Thursday said they intend to provide a majority of the around $227 million required to fund the purchase of Radvision Ltd. by their portfolio company, Avaya Inc.

Avaya, a provider of business collaboration and communications solutions, said on March 15 that it has signed an agreement to acquire Radvision. The closing of the deal was anticipated within 90 days.

by RTTNews Staff Writer

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