TEL AVIV, December 19, 2008 — RADVISION (Nasdaq: RVSN), a leading provider of video network infrastructure and developer tools for unified visual communications over IP, 3G, and emerging next-generation IMS networks, reported today that Zohar Zisapel, Chairman of the Board, purchased 888,654 shares of the Company in the open market in the period beginning November 4 through December 15. The total amount invested by Mr. Zisapel for those shares was approximately $5.3 million at an average price of $5.93 per share. Mr. Zisapel purchased a total of 2,132,351 shares of RADVISION in 2008.
Zohar Zisapel commented: “Videoconferencing has moved to the forefront of critically important and timely solutions for global enterprises seeking to substantially improve efficiency, cut travel costs and reduce their carbon footprint. My substantial investment in RADVISION over the past year reflects my full confidence in the Company’s unique market position as the only independent video network infrastructure provider, its strategy for improvement and growth, and its future prospects.”
About RADVISION
RADVISION (Nasdaq: RVSN) is the industry’s leading provider of market-proven products and technologies for unified visual communications over IP, 3G and IMS networks. With its complete set of standards-based video networking infrastructure and developer toolkits for voice, video, data and wireless communications, RADVISION is driving the unified communications evolution by combining the power of video, voice, data and wireless – for high definition video conferencing systems, innovative converged mobile services, and highly scalable video-enabled desktop platforms on IP, 3G and emerging next-generation IMS networks. To gain additional insights into our products, technology and opinions, visit blog.radvision.com. For more information about RADVISION, visit http://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 20-F 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.