Avaya: For Sale?
Is Avaya looking at a leveraged buyout? Leading communications and collaboration company Avaya may be considering a takeover bid issued by a private equity firm according to recent reports. Sources suggest that the leveraged buyout offer values Avaya at over $5 billion, including their remaining debt.
The rumour mill began churning on Sunday the 24th of March, when a Reuters report was issued describing the new offer. According to sources referenced by the report, the board of directors for the company values Avaya at more than $20 per share, even with the $3.2 billion in debt that Avaya held at the end of 2018.
Could an Avaya Sale Really Be on the Cards?
Avaya has an impressive reputation worldwide as one of the largest telephony systems providers in the market. The offer for acquisition comes only 15 months after Avaya officially emerged out of their Chapter 11 bankruptcy protection. It’s a great indication of how successfully the company has bounced back, despite the concerns that surrounded it during 2016.
According to the anonymous sources, private equity companies have been showing their interest in Avaya for a few months now. Of course, Avaya themselves aren’t willing to comment on the potential purchase. The Head of Global Corporate Communications for the company, Forrest Monroy, reminded the press that Avaya doesn’t comment on speculation and rumours.
If the whispers are true, there’s also no guarantee that the offer will lead to a deal. There’s a good chance that Avaya may want to continue as it is in the communications marketplace. However, a leveraged buyout may help the company to keep moving forward and innovating at a faster pace according to some industry analysts.
Avaya’s Growth Attracts New Opportunities
Avaya, like many companies in the communications space, is in a state of digital transformation at present. The business has evolve in recent years to deliver a more extensive selection of UC and contact centre solutions via as-a-service hosted and cloud strategies. Today, Avaya is on par with many of the other industry leaders in the sector, including Cisco and Microsoft. The consistent success of the company in the last year has made it an attractive target for a potential buyout.
Since becoming a publicly traded company in 2018, Avaya has continue to grow and innovate. In the three months leading up to December 2018, Avaya earned 83% of its $738 million revenue from services and software. Although that number was slightly reduced from their results in 2017 ($752 million), Avaya believes the downturn was caused by the partial government shutdown in the US. On the other hand, operating income was $50 million – an increase from $38 million in 2017.
Through an appealing portfolio of solutions, including UCaaS and CCaaS, Avaya has proven itself to be a strong competitor in the communication space. The contact centre segment of Avaya has also been attracting private equity investment attention lately, according to the recent reports about the rumoured buyout.
Stay tuned for more news on a potential Avaya sale as the story develops.
Industry: Unified Communication news
- ForgeRock Consultant
- Upto €85000 plus benefits
ForgeRock deployment consultant is needed for this expanding IT Services business within Spain, to act as their ForgeRock technical lead, Responsibilities include: High level and low level design, Scoping the techical needs of the project design, configure, develop and test the forgeRock deployment. We are looking for a strong IAM consultant ideally with ForgeRock experience, Must have strong Oauth 2.0, SAML and API experience
- IAM Consultant
- Upto €85000 plus benefits
An Identity & Access Management Consultant is needed for an expanding IT Security consultancy, based in France. (Remote role with monthly office meet-ups) The Identity & Access Management Consultant will be responsible for the technical design and implementation of Identity & Access Management/IAM products for a wide variety of clients. Deliver bespoke end-to-end consultancy service to our clients, from gathering requirements through to implementation. Work in a close team designing, developing, and implementing first-class IAM solutions. Manage client relationships, working closely with key stakeholders to continually evaluate business requirements and ensure the highest quality solution delivery. If you are interested we are looking for an individual with Previous experience working within the IAM or CIAM field is essential, Strong knowledge with SAML and Oauth and ideally OpenID Previous experience from any of these technologies: One Identity, SailPoint, Saviynt, Ubisecure, Ping Identity, would be advantageous
- Ping Identity Support Consultant- IAM Support
- upto €60,000 plus benefits
As the Ping Support specialist, you would be part of a team focused on Single Sign On (SSO) / Federation and Multifactor authentication, protecting our clients from unauthorized access and cyberattacks. The position is to provide 2nd/ 3rd line support, for the following tech. SSO, Federation, Reverse Proxy infrastructure, Apache servers, and its associated components and applications To be responsible for the day to day operational support, performance, tactical lifecycle management, and continuous improvement of the respective IT infrastructure. We are looking for someone with strong SAML and OAuth Knowledge as well as experience supporting the Ping portfolio of solutions Identity, Access, Federate
- IAM Architect Ping Identity, Access Federate
- Up to €110,000 plus benefits
An experienced Ping Identity Architect is needed for this global brand who are looking for someone who wants to join a growing Cyber Security team. We are looking for a senior Architect who can be responsible for the full IAM portfolio, including overseeing all BAU work as well as being responsible for the future strategy and development of the IAM portfolio further development and strategy You will be responsible for ensuring all architectures and best practices within the architecture framework are maintained and developed We are looking for someone with a strong Ping background, in Ping identity, federate, and Access, you will have worked as a senior consultant or architect in previous roles and ideally have some team-leading experience You will have good knowledge of architectural principles and patterns and their implementation into system and software design Experience in handling container technologies, cloud technologies, CI/CD (DevOps) and LDAP