Glowpoint-Avaya Video Assets
Money Involved: About $1.58 million in shares
Why It Matters: Cloud managed video services specialist Glowpoint has been on the move lately, adding to its management team with Cisco and HP veterans and looking to broaden its managed services capabilities specific to the video channel. In July, it completed an acquisition of assets from Avaya covering Avaya's former video managed services offering, issuing more than 769,000 common shares to Avaya (worth about $1.58 million) in return. Glowpoint and Avaya had previously announced they'd entered into a Master Services Agreement to develop cloud managed video services.