Avaya in €85.7m deal to buy Spectel

AMERICAN IT equipment maker Avaya had agreed to buy Ireland’s Spectel, a maker of audio conferencing gear, for €85.7 million.

The cash transaction is expected to close within 60 days and is subject to regulatory approval, laws and customary closing conditions.

Spectel, a world leader in audio conferencing solutions, has about 210 employees and offices in Dublin, Andover, Massachusetts and other strategic locations. The company serves more than 500 customers globally.

The acquisition will enable Avaya to continue to expand its capabilities in conferencing, which is a core business communications technology. Building on a relationship of more than four years between the companies, Avaya will continue to serve the enterprise market with Spectel’s on-premise and service provider conferencing solutions.

Avaya also plans to integrate Spectel technology with its own market-leading Internet Protocol (IP) communications applications suite.

Avaya chairman and CEO said Don Peterson said: “we’ve worked with Spectel for years and we’ve implemented their solution in our own operations, so we know firsthand and through our customers that Spectel’s technology is first-rate.”