Avaya Plans to Cut $4 Billion in Debt with Chapter 11 Reorganization Plan
Last week, Avaya filed its chapter 11 reorganization plan aimed at slashing $4 billion in debt.
Last week, Avaya filed its chapter 11 reorganization plan aimed at slashing $4 billion in debt.
Avaya has entered an asset purchase agreement in which Extreme Networks will be the primary bidder for the company’s networking business for $100 million.
Avaya Engage included presentations by Avaya’s top executives, breakout sessions for individual groups of attendees, the Solutions Expo and entertainment. We’ve got the pics.
Kevin Kennedy, Avaya’s president and CEO, said, “We had to reorganize our asset base … in order to grow and have a much more compelling future.”
Avaya has been transitioning from a legacy hardware business to a software and services company, and has been looking for ways to decrease its debt load of about $6.3 billion.
Here are highlights from the Avaya Executive Partner Forum 2016 in San Diego.
The acquisition of the enterprise division of Nortel Networks will accelerate Avaya Inc.’s move to a channel-centric model, said Avaya President and CEO Kevin Kennedy, speaking to 950 of its dealers at the 2010 Avaya Americas Partner Conference this week in Nashville. The privately held Avaya was the winning bidder in the September auction for […]
Avaya has launched Avaya Aura, an architecture that integrates communications across multivendor, multilocation and multimodal businesses. Available worldwide in May, Aura aims to simplify communications networks, reduce infrastructure costs and quickly deliver voice, video, messaging, presence, Web applications and more to employees anywhere. The new architecture is anchored by the SIP-based, open-standards Aura Session Manager, […]
Avaya Inc. has announced a changing of the guard will take place in January as Kevin Kennedy will join the company and replace Charles Giancarlo as president and CEO. Kennedy is currently CEO of JDS Uniphase Corp. (JDSU), and a member of its board of directors. He will remain with JDSU until joining Avaya. Avaya also […]
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