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Avaya Successful in Restructuring and Emerging from Chapter 11

 

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Avaya Restructuring Financially as a Cloud Solutions Provider

We’re excited about the partnership with @ViveComm and @Avaya, a company that has proven capable of withstanding adversity and standing firm in their resolve with employees, partners and shareholders.

Vive is entrusted in leveraging Avaya products in the unified communications market and will continue the transformation to a services and cloud solutions provider.

Notwithstanding Avaya restructuring they have received the Frost & Sullivan 2017 Market Leadership Award for Contact Center Systems in North America.  If you’re a current Avaya customer you should feel confident in a global leader who has partnered with Vive Communications to deliver superior communications experiences. 

“This is the beginning of an important new chapter for Avaya,” said Jim Chirico, Avaya’s president and CEO. “In less than a year since the commencement of our chapter 11 restructuring, Avaya has emerged as a publicly traded company with a significantly strengthened balance sheet.

According to Chirico, the company reduced its prior debt load by approximately $3 billion, and exits bankruptcy with more than $300 million in cash on its balance sheet.

“Avaya is now well-positioned to execute on its growth plan and deliver the returns and value expected by our stakeholders.”

 

Read the full article here

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