Avaya considering joint venture with RingCentral instead of selling up - reports
.jpg)
Avaya is said to be in talks to form a joint venture with RingCentral, people close to the matter have told Bloomberg.
RingCentral is a publicly listed company that specialises in providing video conferencing software for SMBs.
Last month, Bloomberg reported that Mitel had made a bid to take over the beleaguered Avaya, proposing a reverse merger that would result in a telecommunications vendor worth over $5bn.
However, Avaya is now in talks to partner with RingCentral, which would mean abandoning any plans to sell the company. The sources added that there is still a possibility that those talks could collapse and the outcome of the strategic review remains uncertain.
In its Q3 earnings report in August, Avaya CEO Jim Chirico told investors that the company was in talks with a number of parties "on a range of strategic transactions to maximise shareholder value".
He said at the time that he expected the strategic review would conclude within 30 days, but that timeline has now expired.
That strategic review is still in place the vendor confirmed in an update, though it did not disclose on when it would now end, only that it was working to hasten the process.
"Avaya's…review of a range of strategic alternatives is ongoing and it remains in advanced discussions," the statement read.
"Avaya's board of directors and management, supported by its legal and financial advisors, are working expeditiously to conclude the deliberate and comprehensive review.
"There can be no assurances regarding the timing of any action or transaction nor that the strategic review process will result in any particular outcome.
"The company does not intend to provide additional updates unless or until it determines that further disclosure is necessary."
Avaya's saw its share price drop 11.5 per cent - its biggest since May - just before the news emerged and shares have remained flat since.
RingCentral enjoyed an initial four and a half per cent bump in its stock on foot of the news, though it has since declined slightly.
Reports emerged earlier this year that Avaya was seeking a private equity-backed buyout to the tune of $5bn.
The company has had a turbulent few years which have seen it go into bankruptcy, flog its networking unit to Extreme Networks, emerge from bankruptcy and float on the New York Stock Exchange.
source channelweb
Industry: Unified Communications
Latest Jobs
-
- Business Development | Healthcare | Warm accounts | UK
- England
- N/A
-
Business Development | Healthcare | Warm accounts | UK Healthcare Cyber Security UK Based An experienced Business Development Manager is required to drive new cyber security revenue across a warm healthcare account base. This role is focused on new business and account growth, engaging healthcare organisations to understand risk, priorities, and operational challenges, and positioning appropriate cyber security solutions and services. Key Responsibilities Drive new business sales into a warm healthcare account base Develop and close new opportunities across healthcare organisations Build senior level relationships with IT, security, and procurement stakeholders Own the full sales lifecycle from first conversation through to close Work closely with technical pre sales and delivery teams Experience Required Proven B2B new business sales experience within cyber security or technology Healthcare sector experience desirable Strong consultative sales and closing capability Ability to achieve UK Security Clearance is required UK based with flexibility to travel What’s on Offer Warm accounts with new business focus Clear revenue ownership Competitive base salary with uncapped commission
-
- Technical Pre Sales Cybersecurity Consultant. Healthcare
- England
- N/A
-
Technical Pre Sales Cybersecurity Consultant UK Remote | Healthcare Focus Overview We are seeking an experienced Technical Pre Sales Cybersecurity Consultant to support healthcare organisations by delivering advisory, solution design, and security uplift services. This role focuses on improving security outcomes, addressing operational challenges, and enabling informed technology decisions across complex and regulated environments. The position blends technical pre sales expertise with a consultative approach, working closely with clinical, technical, and commercial stakeholders to shape effective cybersecurity solutions. The individual must be able to achieve UK Security Clearance. Key Responsibilities Provide technical pre sales support across cybersecurity solutions and services for healthcare organisations Engage stakeholders to understand security challenges, risks, and operational pain points Deliver advisory guidance and recommendations to strengthen security posture and resilience Translate customer requirements into clear, outcome focused technical and commercial solution designs Act as a trusted technical advisor throughout the sales and early delivery lifecycle Produce clear technical documentation, recommendations, and customer facing materials suitable for regulated environments Collaborate closely with sales, delivery, and technical teams to align solutions with customer needs Experience and Skills Proven experience in technical pre sales or cybersecurity consultancy Experience working within healthcare or other highly regulated sectors Broad knowledge of cybersecurity technologies, managed services, and risk based approaches Strong communication skills with the ability to engage both technical and non technical stakeholders Confident operating in a client facing, consultative role UK based role with remote working Occasional travel for customer engagement as required
-
- Contract Technical Pre Sales Cyber Security Healthcare. SC clearance needed
- England
- Outside IR35
-
Contract Technical Pre Sales Cyber Security Healthcare Outside IR35 Contract | UK Remote | Healthcare Focus Existing SC clearance is required. Overview Seeking an experienced Technical Pre Sales Cybersecurity Consultant is required to deliver advisory and uplift services across complex healthcare organisations. This Outside IR35 contract operates on a consultancy basis, focused on improving security outcomes, addressing operational pain points, and supporting informed Cyber Security decisions. The role combines deep technical pre sales capability with consultative advisory delivery, working across clinical, technical, and commercial stakeholders to shape effective and proportionate cybersecurity solutions. Responsibilities Provide technical pre sales consultancy across cybersecurity solutions and services within healthcare environments Engage senior stakeholders to understand security challenges, risks, and operational pain points Deliver advisory guidance and uplift recommendations to improve security posture, resilience, and maturity Translate healthcare requirements into clear, outcome focused technical and commercial propositions Act as a trusted technical advisor throughout the pre sales and early engagement lifecycle Produce concise technical documentation, recommendations, and advisory outputs suitable for regulated healthcare settings Experience Strong background in technical pre sales or cybersecurity consultancy Experience working with healthcare or other highly regulated environments Broad understanding of cybersecurity technologies, managed services, and risk based security approaches Ability to communicate complex technical concepts to both technical and non technical audiences Comfortable operating independently in a client facing advisory role
-
- London Sales Manager, Key Clients. Security. Immediate
- London
- N/A
-
London Sales Manager, Key Clients A senior sales leadership role within the cyber security services and technology market, focused on account development and revenue growth across key clients. You will lead a sales team with responsibility for customer retention, increasing share of wallet and maintaining a strong commercial pipeline. The role works closely with technical, delivery and marketing teams, as well as technology partners. Key focus Lead and coach a field based sales team Own forecasting, pipeline quality and revenue delivery Drive renewals and account development Expand customer investment across services and solutions Build relationships with vendors and partners Background Proven experience managing enterprise sales teams Consistent performance against revenue targets Cyber or IT security sales leadership experience Exposure to Palo Alto, Check Point, Microsoft, etc Commercially focused with a structured sales approach A role for a sales leader focused on long term client value and sustainable growth.