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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.

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