Mitel is Making a Bid for UC Giant Avaya
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.
Industry: Unified Communications
- Security Analyst, End User. Level 1 Service Provider.
CH7843 Security Analyst, End User. Level 1 Service Provider. £50,000 London Security Analyst needed to join an Level 1 Service Provider. The Security Analyst will be responsible monitoring, configuring, fine tuning and generally improving the security tool capability. Specific experinece with firewall, phishing, AV, vulnerability management, IAM is needed. Specific tools suce as CyberArk, Tripwire are highly desirable. You will be working within a specialist security team reporting to the CISO. Expeirnece working within an end user environment within financial services is highly desirable. Flexible location. This is an exclusive role to DCL Search & Selection. https://calendly.com/chris-holt/arranged-call-with-chris-holt-soc-role-clone
- Internal Security Auditor, Level 1 Service Provider (ISO27001)
- Upto 65,000 plus benefits
Internal Security Auditor ISO 27001, PCI, needed to join a Cyber team within this expanding Fintech business. The Internal Security Auditor will have end to end responsibility for planning, delivering, remediating any findings etc. Experience working within financial services is highly desirable. This Is a great time to join a newly formed and growing Cyber team within a rapidly expanding fintech, that is taking a major share of its market. We are looking for someone with experience, (but not to be limited to) a mix of Information Security standards, frameworks, audit principles, controls / policies and the management and use of the technical tooling etc. ISO 22301, ISO 27001, NIST Cybersecurity Framework etc An ideal candidate will be working within an end user environment with a cyber consultancy background. Experience taking a company through accreditation is highly desirable Experience managing internal stakeholders, technical teams and external third parties essential Flexible working, but with the ability to get into London. This is an exclusive role to DCL Search & Selection.
- DevOps Engineer with IdAM
- Upto £80,000 plus benefits
We are ooking for an DevOps engineer, idealy with IdAM (identity access Management) experience, this is a senior role for someone that can be the lead hands on person on a project. Your role will be to work on the deployment project implementing the solution into the exsiting application so will be used to connect an applications into mulipe 3rd party appliactions. We Would look at someone who has done DevOps with Security and can cross train into IdaM, but preference would be given to someone with the IdAM experience this is a great opportunity to join a consultancy that work on some truely amazing and differnet solutions
- Senior SOC Analyst. Level 3 Palo Alto Wildfire, Rapid 7, Fortify, Splunk.
REF CH7840 Senior SOC analyst (Palo Alto Wildfire, Rapid 7, Fortify AND Splunk) Flexible location £55,000 + Senior SOC analyst needed (Level 3) that can achieve SC clearance for a permanent role. We are looking for Level 3 SOC Analysts with two or more of the following; Palo Alto Networks Wildfire (#malware) Rapid7 Nexpose Micro Focus Fortify (#automated #applicationsecurity) AND ideally Splunk. The role will include, but not be limited to; managing and handling incidents end to end, supporting and mentoring level 1 / level 2 staff, supporting the SOC manager in the delivery of the SOC roadmap, engaging with the client stakeholders (other technical teams) as and where needed, use case development, advanced search and reporting etc. Flexible location, commutable in the future to London or Birmingham This role will sit within a public sector client so the individual must be able to achieve SC clearance. To arrange a call with Chris Holt use this calendy link https://calendly.com/chris-holt/arranged-call-with-chris-holt-remote-soc-role Chris.Holt@dclsearch.com 07884666351