Avaya sets $1 billion public offering

According to the SEC filing, the company showed negative net income throughout the period since it was bought in 2007 by a combination of Silver Lake Partners and the Texas Pacific Group that paid $8.2 billion for the company

Avaya is going public again, filing today with the Securities and Exchange Commission for an initial public offering worth $1 billion.

After the offering would value the company at $5 billion, and it would use the cash raised in the offering to pay down long-term debt, among other things, the company says in a statement.

BACKGROUND: The Avaya FAQ 

Morgan Stanley & Co. LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., BofA Merrill Lynch, Barclays Capital Inc., UBS Investment Bank and Credit Suisse Securities (USA) LLC are handling the IPO.

According to the SEC filing, the company showed negative net income throughout the period since it was bought in 2007 by a combination of Silver Lake Partners and the Texas Pacific Group that paid $8.2 billion for the company.In its filing the company says it will continue development of contact center and voice communications products, invest in R&D, expand sales and distribution, go after new markets and train staff and partners to sell new products and services. It mentions its Avaya Flare Experience videoconferencing/ unified communication platform as one of these new products.

It also says the company plans to acquire new technologies through a combination of licensing, development contracts, alliances and acquisitions. Avaya said it will train employees and channel partners to service new products and applications so service is consistent around the world.

At the same time, once the company goes public, it will face the demands of Wall Street quarter-to-quarter, something it has been shielded from as a privately held company.

Avaya issued a press release announcing the IPO but refused further comment.

Since it was bought in 2007, Avaya has been promoting its unified communications software as compatible with other vendors' gear and readily adaptable for customers who want to start with basic communications features but expand to incorporate conferencing and collaboration via voice, video, instant messaging and data.

The drumbeat from the company is that it wants to make UC ubiquitous and simple for end users.

Read more about lan and wan in Network World's LAN & WAN section.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesMorgan Stanleycorporate issuesCredit SuisseUBSCapitaAvayaLAN & WANcitigroup

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Tim Greene

Network World
Show Comments

Cool Tech

Breitling Superocean Heritage Chronographe 44

Learn more >

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?