Mitel is Making a Bid for UC Giant Avaya
![Unified Communications](/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBM0tHRGc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--13e9067cc9e4ae194365578c565a1941fcb1494d/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2QzNKbGMybDZaVWtpRFRjMU1IZzBOVEJlQmpzR1ZBPT0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--9a8cb233bbd899661209fac1218cb930366c2398/gavel_3577258_1920%20(1).jpg)
This week, Bloomberg reported ‘Avaya to Get Bid From Rival Telecom Gear Vendor Mitel.’ Today, a deal seems like more of a reality – given the duo’s history of competition in the Unified Communications and Collaboration space.
According to the report by Bloomberg, “Avaya Holdings Corp., is considering a bid from rival Mitel Networks that could create a telecommunications equipment vendor worth more than $5 billion including debt,” citing a source with knowledge on the possible acquisition.
Further indications the deal might be a wise decision reflect in Avaya’s stock, which rose nine per cent following the news from Bloomberg. The duo’s combined business value is more than $20 per share, also reported Bloomberg. As we reported in April, both telecoms giants remain silent, amid intensifying speculation.
What Does a Potential Deal Look Like?
Under the terms of the likely agreement, Mitel’s investors get one-third of the combined business, according to the same sources familiar with the potential merger, also stating they would both remain publicly traded. Private equity firm Searchlight Capital owns Mitel and they project a rise in revenue of ‘at least $250 million a year from the deal.’
Mitel is also looking to invest $150 million into the business, which could absorb Avaya’s debt, although there has been no final handshake on the particulars. This, less than two years after Avaya arose from the dark depths of Chapter 11 bankruptcy.
There are still a lot of fine details to work out, and a possible acquisition means more scrutiny in the form of U.S. legislation as well as governing bodies like the Federal Trade Commission, though they are expected to approve the merger. Both Avaya and Mitel have found it difficult to transition from on-premises solutions to the Cloud, but they’ve adapted to the UC market. Now, both are taking drastic measures to ensure they stay relevant in the evolving Unified Communications space.
Avaya Considers Outright Sale Alternative
At 6:39 p.m., Reuters published, sources familiar with Avaya’s merger said ‘Avaya Holdings Corp is considering an all-cash offer by private equity firm Clayton Dublier & Rice LLC,’ leaving its options open.
Avaya hopes to negotiate a deal with CD&R that benefits shareholders, allowing them to cash out and value stocks at a ‘significant premium to where its shares are trading, although the price tag is less than what Mitel wants to pay,’ according to Reuters.
It is no secret, Avaya is in debt, roughly $3.2 billion. This means there is risk involved in any potential deal, prompting CD&R to reportedly be in talks with RingCentral Inc., to co-purchase Avaya. On Aug. 13, Avaya’s CEO, James Chirico, shared with investors during its latest quarterly earnings meeting, they expect to finalize a deal in the next thirty days.
source uctoday
Industry: Unified Communications
![Banner Default Image](https://www.dclsearch.com/rails/active_storage/blobs/redirect/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBdytMRGc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--683221fba4088f48e5f9c99e2719b73064c09cee/banner-default.jpg)
Latest Jobs
-
- Network & Security Consultant
- Spain
- Upto €54000 per year and benefits
-
Senior Network & Security Engineer to join a Managed Network & Security Team in Europe. In this critical role, you will: Play a pivotal role in managing and securing network infrastructure across datacenters, customer connections, and on-premise deployments. Proactively monitor network and security devices, analyse incidents, and implement solutions to ensure optimal performance and security. Collaborate with colleagues and customers to troubleshoot issues, troubleshoot outages, and implement effective resolutions. Lead and participate in network system installations for new facilities and expansions. Develop and maintain network infrastructure procedures, recommend technical strategies, and propose improvements to enhance network capabilities. Stay up-to-date on the latest network and security technologies and trends. Work as part of a collaborative international team, contributing to team presentations and knowledge sharing. To be successful, you'll need: Proven expertise in Cisco network solutions (CCNP R&S/Sec/Wireless preferred)for both BAU and project work. In-depth knowledge of network security principles and experience with Fortinet firewalls. Experience deploying and managing large, complex network infrastructure (routing, switching, wireless, security). Solid understanding of ITIL v3 framework for incident, change, and problem management. Excellent troubleshooting skills with experience using Wireshark or similar protocol analysers. Strong communication and teamwork skills, with the ability to work independently and collaborate effectively.
-
- Security Analyst - Internal role. London commutable. £50,000
- London
- £50,000
-
Security Analyst - Internal role. London commutable opportunity. Operational Security - Investigate, escalate and proactively work to ensure household name remains protected. Project Security - Coordinate, log change requests with project delivery teams to meet security requirements Policy / compliance - work with team to aid in uplifting these as and where needed This role is role to investigate, escalate and proactively work to protect a globally recognised brand. You must have current hands on operational analytical security experience with Microsoft technology stack Someone with a SOC Analyst / security engineering background would be well suited. This position will join a small team and would suit someone that has broad experience across the security threat landscape. Experience / knowledge across industry GRC standards such NIST, ISO27001 etc would be advantageous. You will work across multiple teams proactively working to secure the business. Must be able to commute to Central London 3 days a week. Visa sponsorship not available Apply today to find out more.
-
- Network & Security Consultant
- Romania
- €54000 plus benefits
-
Senior Network & Security Engineer to join a Managed Network & Security Team in Europe. In this critical role, you will: Play a pivotal role in managing and securing network infrastructure across datacenters, customer connections, and on-premise deployments. Proactively monitor network and security devices, analyse incidents, and implement solutions to ensure optimal performance and security. Collaborate with colleagues and customers to troubleshoot issues, troubleshoot outages, and implement effective resolutions. Lead and participate in network system installations for new facilities and expansions. Develop and maintain network infrastructure procedures, recommend technical strategies, and propose improvements to enhance network capabilities. Stay up-to-date on the latest network and security technologies and trends. Work as part of a collaborative international team, contributing to team presentations and knowledge sharing. To be successful, you'll need: Proven expertise in Cisco network solutions (CCNP R&S/Sec/Wireless preferred) for both BAU and project work. In-depth knowledge of network security principles and experience with Fortinet firewalls. Experience deploying and managing large, complex network infrastructure (routing, switching, wireless, security). Solid understanding of ITIL v3 framework for incident, change, and problem management. Excellent troubleshooting skills with experience using Wireshark or similar protocol analysers. Strong communication and teamwork skills, with the ability to work independently and collaborate effectively.
-
- Network & Security Consultant
- Hungary
- Upto €54000 per year and benefits
-
Senior Network & Security Engineer to join a Managed Network & Security Team in Europe. In this critical role, you will: Play a pivotal role in managing and securing network infrastructure across datacenters, customer connections, and on-premise deployments. Proactively monitor network and security devices, analyse incidents, and implement solutions to ensure optimal performance and security. Collaborate with colleagues and customers to troubleshoot issues, troubleshoot outages, and implement effective resolutions. Lead and participate in network system installations for new facilities and expansions. Develop and maintain network infrastructure procedures, recommend technical strategies, and propose improvements to enhance network capabilities. Stay up-to-date on the latest network and security technologies and trends. Work as part of a collaborative international team, contributing to team presentations and knowledge sharing. To be successful, you'll need: Proven expertise in Cisco network solutions (CCNP R&S/Sec/Wireless preferred) for both BAU and project work. In-depth knowledge of network security principles and experience with Fortinet firewalls. Experience deploying and managing large, complex network infrastructure (routing, switching, wireless, security). Solid understanding of ITIL v3 framework for incident, change, and problem management. Excellent troubleshooting skills with experience using Wireshark or similar protocol analysers. Strong communication and teamwork skills, with the ability to work independently and collaborate effectively.