Avaya Continues Mulling NextStep Options

With the announcement, Avaya stock dropped 12% as of press time.Tags:News & ViewsAvayaUnified Communications & CollaborationIndustry NewsNews & ViewsVendor News Articles You Might Like As discussed previously on No Jitter, including in last week’s post “Tick, Tock, the Clock Is Running for Avaya,” the company expected to have a decision to share by week’s end — or 30 days from its Aug. 13 third quarter earnings call. In today’s update, Avaya stated that its “review of a range of strategic alternatives is ongoing” and that it “remains in advanced discussions.” What’s more, Avaya has removed any timeframe for a final decision, though it assured that the review team is “working expeditiously,” to evaluate options. “There can be no assurances regarding the timing of any action or transaction nor that the strategic review process will result in any particular outcome,” stated Avaya, noting, too, that it has no intention of providing updates “unless or until it determines that further disclosure is necessary.” Justifying Workspace Applications: Time to Up the Game Marty Parker September 10, 2019 Communication technology vendors and their value-adding partners must take the lead in defining business justifications for their collaboration and workspace applications. Tick, Tock, the Clock Is Running for Avaya Zeus Kerravala September 06, 2019 Lots of speculation surrounds Avaya’s future, but mum’s still the word on a final decision. whats-next.jpg Mitel, Avaya Merger on Tap? Beth Schultz August 20, 2019 On the heels of word that Avaya is close to reaching acquisition deal, the focus turns to Mitel and a reported bid of $20 per share. Industry watchers — eagerly waiting for news of an Avaya deal — might have to sit tight for a while. Today, the company issued a heads-up that it’s not quite ready to share where it stands with the strategic alternatives it began exploring earlier this year with the help of J.P. Morgan. See All in Unified Communications & Collaboration » Best of Breed vs. Suites: Becoming Moot Point in UC Sorell Slaymaker July 24, 2019 Legacy enterprises must stop ignoring the fact that the future of communications software is embedded in applications. Avaya Still on the Block, Resolution May Come Soon Beth Schultz August 14, 2019 As the company plugs away on cloud sales, CEO Jim Chirico looks to wrap up its review of strategic alternatives in the next 30 days. Log in or register to post comments