Latest Telepresence and Visual Collaboration News:
Avaya Plans $1 Billion IPO
June 8, 2011 | William Zimmerman
The offering would value Avaya at around $5 billion, or about 40% less than its private equity owners paid four years ago.
Avaya, which makes data and telecommunications network equipment for corporations to enable such technology as unified communications, is expected to file plans for an initial public offering (IPO) of stock aimed at raising $1 billion, the Wall Street Journal reported Tuesday.
For Avaya, it's not an "initial" public offering in the strictest sense of the word because Avaya was spun off as a separate public company in 2000 from Lucent, formerly known as AT&T Technologies. In 2007, Avaya was acquired by two private equity firms, TPG and Silver Lake Partners, for $8.2 billion. According to the Journal, this latest IPO would value Avaya at $5 billion or more, which is about 40% less than the private equity firms paid for it four years ago.
LifeSize introduced several enhancements to its telepresence solutions, including a 10x high def camera for its room-based systems, an executive solution in partnership with LG, and new MCUs for high-def multipoint video.
Avaya did not immediately respond to a request for comment.
Avaya has been active in pursuing the enterprise unified communications market with its Avaya Aura platform, which provides UC and contact center technology for midsize to large enterprises.
Add New Comment
Telepresence Options welcomes your comments! You may comment using your name and email (which will not be displayed), or you may connect with your Twitter, Facebook, Google+, or DISQUS account.
24 March 2017 20 March 2017 20 March 2017
24 March 2017
Yorktel to Unveil Advancements to Univago Video Collaboration Service Platform; SVP of Professional Services to Speak on Panel, "Why UC Security Assessments are Vital for Your Enterprise"24 March 2017
Collaboration Squared introduces new Ubiety video conferencing enterprise licensing with unlimited users, unlimited meeting spaces and unlimited global phone conferencing24 March 2017
22 February 2017 2 February 2017 17 January 2017
See what happens when YouTube and TPO come together at the Telepresence Options YouTube Channel.