Showing posts with label Avaya. Show all posts
Showing posts with label Avaya. Show all posts

Tuesday, August 8, 2017

Avaya appoints Jim Chirico as CEO, enters debt reduction agreement

Avaya announced the appointment of Jim Chirico, currently its chief operating officer and global sales leader, as chief executive officer, effective October 1, 2017, while the current president and CEO Kevin Kennedy is to retire as CEO and a member of the board, but will remain as an advisor to the company.

Avaya noted that Mr. Chirico joined the company in 2008 and has since held a number of positions with the company. As COO and global sales leader, he is responsible for operations, global sales, sales operations, HR and quality.

Prior to Avaya, Jim Chirico served as EVP, global operations, development and manufacturing at Seagate Technology; previously, Mr. Chirico served as an executive with IBM, including in a leadership role for the Networking Division.

Avaya stated that under Mr. Kennedy's leadership, the company transitioned into a software and services company, with for the second fiscal quarter of 2017 software and services accounting for approximately 79% of Avaya's total revenue. Mr. Kennedy also played a key role in positioning the company for its emergence from Chapter 11 proceedings following the divestiture of the Networking business.

Separately, Avaya announced preliminary financial results for its most recent third quarter, ended June 30, 2017, including revenue of between $802 and 804 million, flat sequentially and down 9% year on year, with adjusted EBITDA of $202 to 206 million.

Avaya also announced that it has entered into a plan support agreement (PSA) with holders of over 50% of its first lien debt, including certain members of the Ad Hoc Group of First Lien Creditors, and that it had reached agreement with U.S. Pension Benefit Guaranty Corporation (PBGC) to provide for the termination of the company's obligations under the Avaya pension plan for salaried employees (APPSE) and the related transfer of those obligations to PBGC, with the support of the Ad Hoc First Lien Group.

Key terms of the amended plan include: the reduction of debt by more than $3 billion from pre-filing levels; the settlement and transfer to PBGC of Avaya's obligations under the APPSE; and initiation of steps to enable the company to emerge from chapter 11 as a public company.


Extreme to acquire Avaya networking for $100m with winning bid



Extreme Networks announced that, having entered into an asset purchase agreement under which it would serve as primary bidder in a sale under the bankruptcy code to acquire Avaya's networking business for approximately $100 million, it has been approved as the winning bidder to acquire the Avaya business.Under the bidding process, the assets of Avaya's networking business unit will be sold to Extreme f





Friday, May 19, 2017

Avaya extends hyper-segmentation to OpenStack

Avaya announced that it has extended the hyper-segmentation capabilities of its fabric networking to OpenStack via integration between its Fabric Connect and the OpenStack networking subproject Neutron, providing a simple plugin designed to improve security and facilitate provisioning of virtual networks from the data centre to the desktop.

Avaya noted that OpenStack offers an open industry project for data centres that act as a cloud service for the enterprise. Enterprises are adopting the OpenStack software platform to help simplify orchestration of virtual compute, storage, and networking resources for best-of-breed implementations.

Meanwhile, as increasing demands at the edge of the network drive traditional enterprise data centres to transition into Everywhere Data Centers, the ability to extend virtual networks from the core to the desktop requires extensive configuration and greater complexity.

Avaya Fabric Connect is designed to simplify configuration through enabling automation from the core to the edge, and to provide increased security leveraging hyper-segmentation, which creates isolated, secure lanes for network traffic that mitigate the potential impact of cyberattacks and unauthorised access.

In collaboration with Mirantis, Inc., a company specializing in building and managing private cloud infrastructure using OpenStack, the new plugin -- called ML2 -- replaces complexity with automation available through Avaya Fabric Connect. As a result, the secure, hyper-segmentation capabilities of Fabric Connect can be extended through OpenStack, alleviating typical border issues including onboarding and cyberattacks.


Avaya noted that the new ML2 plugin is due to be released to the open source community in May and will immediately work on standard OpenStack implementations.


Wednesday, March 8, 2017

Avaya to Sell Networking Business to Extreme for $100m

Avaya, which on January 19th filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code, has announced it that has entered into an asset purchase agreement under which Extreme Networks will serve as the primary bidder in a section 363 sale under the bankruptcy code to acquire Avaya's networking business for approximately $100 million, subject to adjustments.

The sale process will be administered by the U.S. Bankruptcy Court for the Southern District of New York and governed by the U.S. bankruptcy code. Other interested parties will have the opportunity to submit bids prior to a deadline set by the bankruptcy court. If other qualified bids are submitted, an auction process will be conducted, with the agreement with Extreme set as the floor value for the auction.

Approval of a final sale to either Extreme or a rival bidder is expected to take place shortly after completion of an auction, and the transaction is expected to close by June 30, 2017, the end of Avaya's fiscal third quarter 2017, subject to regulatory approvals and other customary closing conditions.

On February 8th, Avaya reported first quarter results for the period ended December 31,2016 including revenue of $875 million, compared with $958 million a year earlier, with a net loss of $102 million, versus a net loss of $27 million in the 2016 first quarter. First quarter product revenue was $401 million, compared with $464 million a year earlier.

Extreme reported second quarter results for the period ended December 31, 2016 on February 1st including revenue of $148 million, compared with $139 million a year earlier, with a net income of $12.7 million, compared with net income of $9.0 million for the second quarter of 2016.

Avaya announced on January 19th that it was filing under chapter 11 of the U.S. bankruptcy code in the U.S. Bankruptcy Court, stating that its foreign affiliates were not included in the filing and would continue normal operations.

The company noted it had obtained a committed $725 million debtor-in-possession (DIP) financing facility underwritten by Citibank. Subject to court approval, the DIP financing, combined with cash from operations, was expected to provide sufficient liquidity during the chapter 11 cases to support continuing business operations.

Regarding the transaction, Kevin Kennedy, president and CEO of Avaya, said, "After extensive evaluation, I believe that a sale of the Networking business is the best path forward for all stakeholders… it provides a clear path for networking customers and partners and enables the company to focus on its core… Unified Communications and Contact Center solutions".

http://www.avaya.com
http://investor.extremenetworks.com/releasedetail.cfm?ReleaseID=1016337

Wednesday, February 8, 2017

Avaya's Revenue Dips due to Lower Demand and Longer Procurement Cycles

Avaya reported total revenue of $875 million for its first fiscal quarter ended December 31, 2016, down $83 million compared to the prior quarter due to lower hardware and networking revenue.

The company cited seasonality and extended procurement cycles, as well as lower demand for unified communications hardware and associated maintenance and professional services.

Non-GAAP gross margin was 61.5%, a first fiscal quarter record, which compares to 61.8% for the prior quarter and 61.3% for the first quarter of fiscal 2016. GAAP operating income was $65 million, which compares to a loss of $428 million in the prior quarter and income of $91 million during the first quarter of fiscal 2016. Non-GAAP operating income was $187 million which compares to $229 million for the prior quarter and $185 million for the first quarter of fiscal 2016.

"By taking the necessary action to address our capital structure, we are better positioned to strengthen our successful software and services portfolios," said Kevin Kennedy, president and CEO. "Avaya's transformation continues as our product portfolio evolves to a richer mix of software and service platforms."

http://www.avaya.com

Avaya Files for Chapter 11

Citing a need to recapitalize the company, Avaya filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.

The company also announced a $725 million debtor-in-possession DIP financing facility underwritten by Citibank.

“We have conducted an extensive review of alternatives to address Avaya’s capital structure, and we believe pursuing a restructuring through chapter 11 is the best path forward at this time,” said Kevin Kennedy, Chief Executive Officer of Avaya.  “Reducing the Company’s current debt through the chapter 11 process will best position all of Avaya’s businesses for future success.”

“This is a critical step in our ongoing transformation to a successful software and services business. Avaya’s current capital structure is over 10 years old and was put in place to support our business model as a hardware-focused company, which has evolved significantly since that time.  Now, as a result of the terms of Avaya’s debt obligations and the upcoming debt maturities, we need to recapitalize the Company,” continued Mr. Kennedy.  “Our business is performing well, and we are confident that we can emerge from this process stronger than ever, as this path is a reflection of our debt structure, not the strength of our operations or business model.  Pursuing restructuring through chapter 11 will enable us to reduce Avaya’s debt and interest expense, while providing increased financial flexibility to further invest in innovation and growth to enhance our market-leading competitive position.  Most importantly, we are keenly focused on minimizing disruption to our customers, partners, and employees and do not expect to experience any material disruptions during the chapter 11 cases.”

Separately, Avaya reported Q4 2016 revuenu of $958 million, up $76 million compared to the prior quarter as demand improved for products and services, and decreased $50 million year-over-year, due to lower demand for unified communications hardware.  GAAP gross margin was 60.9% for the fourth quarter.  GAAP operating loss was $428 million, reflecting $542 million of impairment of goodwill and intangibles.  Non-GAAP operating income was $229 million which compares to $180 million for the prior quarter and $202 million for the fourth quarter of fiscal 2015.  For fiscal 2016, Avaya reported revenue of $3,702 million, down 9% compared to fiscal 2015, or down 8% in constant currency. GAAP gross margin for fiscal 2016 was 60.6%.

http://www.avaya.com/en/about-avaya/newsroom/

Thursday, January 19, 2017

Avaya Files for Chapter 11

Citing a need to recapitalize the company, Avaya filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.

The company also announced a $725 million debtor-in-possession DIP financing facility underwritten by Citibank.

“We have conducted an extensive review of alternatives to address Avaya’s capital structure, and we believe pursuing a restructuring through chapter 11 is the best path forward at this time,” said Kevin Kennedy, Chief Executive Officer of Avaya.  “Reducing the Company’s current debt through the chapter 11 process will best position all of Avaya’s businesses for future success.”

“This is a critical step in our ongoing transformation to a successful software and services business. Avaya’s current capital structure is over 10 years old and was put in place to support our business model as a hardware-focused company, which has evolved significantly since that time.  Now, as a result of the terms of Avaya’s debt obligations and the upcoming debt maturities, we need to recapitalize the Company,” continued Mr. Kennedy.  “Our business is performing well, and we are confident that we can emerge from this process stronger than ever, as this path is a reflection of our debt structure, not the strength of our operations or business model.  Pursuing restructuring through chapter 11 will enable us to reduce Avaya’s debt and interest expense, while providing increased financial flexibility to further invest in innovation and growth to enhance our market-leading competitive position.  Most importantly, we are keenly focused on minimizing disruption to our customers, partners, and employees and do not expect to experience any material disruptions during the chapter 11 cases.”

Separately, Avaya reported Q4 2016 revuenu of $958 million, up $76 million compared to the prior quarter as demand improved for products and services, and decreased $50 million year-over-year, due to lower demand for unified communications hardware.  GAAP gross margin was 60.9% for the fourth quarter.  GAAP operating loss was $428 million, reflecting $542 million of impairment of goodwill and intangibles.  Non-GAAP operating income was $229 million which compares to $180 million for the prior quarter and $202 million for the fourth quarter of fiscal 2015.  For fiscal 2016, Avaya reported revenue of $3,702 million, down 9% compared to fiscal 2015, or down 8% in constant currency. GAAP gross margin for fiscal 2016 was 60.6%.

http://www.avaya.com/en/about-avaya/newsroom/

Sunday, March 1, 2015

Avaya Unveils SDN Fabric for Connecting "Anything" to Virtual Network

Avaya introduced its Open SDN Fx architecture for enabling automation and programmability from the core to the edge of enterprise networks.

Avaya said the aim of its SDN Fx architecture is “connect anything, anywhere” simplicity by allowing devices and users at the network edge to be added easily to the network.  The goal is to leverage an automated core that takes advantage of a single, network-wide Ethernet fabric to remove the need for manual configuration at each network hop; thus, reducing the potential for error and accelerating time to service.

Avaya’s SDN implementation is targeting environments such as those found in hospitals, manufacturing floors and casinos, which are blanketed with devices that require a more secure, mobile connection to the network, and may also require that the rest of the network is better protected from potential threats that could be triggered by them.

The Avaya SDN Fx architecture includes the following new products and features for Avaya Fabric Networking Technology:

  • Open Networking Adapter (ONA) - provides a plug-n-play network connection for any device with an Ethernet port including medical devices, manufacturing machines, and branch office switches. Targeted for non-IT personnel, this card deck-sized appliance automatically provisions a QoS-customized virtual path across the network that mitigates security risks, allowing simple, powerful management of thousands of devices.  
  • Fabric Orchestrator – an SDN controller embedded in a unified management instance. This appliance manages and orchestrates the Ethernet fabric as well as provides SDN Control to north and south bound interfaces. SDN capabilities include OpenFlow, OpenDaylight and OpenStack.
  • Fabric Extend – a new capability in Avaya Fabric Connect enables the extensibility of Fabric networking across any IP based network without loss of functionality. Investments in existing networking technologies are preserved while interconnecting strategic deployments of Fabric Connect across data centers, campuses and branches.

“CIOs are unnecessarily overburdened by archaic networks and frustrated by the disparity between the promised results of new technologies and the reality that most vendors deliver.  There’s a better way: Avaya Fabric Connect already relieves 75i percent of the top network issues identified by IT departments, and we’re building on that with SDN Fx. This is the foundation that accelerates deployment and improves performance of customer and team engagement solution and that the industry has been demanding. Avaya can deliver it today,” stated  Marc Randall, SVP and GM, Avaya Networking.

http://www.avaya.com

Wednesday, August 21, 2013

Avaya Outlines Software-Defined Data Center Framework

Avaya outlined a Software-Defined Data Center (SDDC) framework based an orchestration process that combines, customizes and commissions compute, storage and network components.  

Avaya said its framework uses the OpenStack cloud computing platform to enable data center administrations to deploy virtual machines, assign storage and configure networks through a single graphical user interface.  

The Avaya Fabric Connect further enhances the OpenStack environment by removing restrictions in traditional Ethernet VLAN / Spanning Tree-based networks to enable a more dynamic, flexible and scalable network services model than exists today.
The Avaya SDDC framework is based on the following components:
  • Avaya Fabric Connect technology as the virtual backbone to interconnect resource pools within and between data centers with increased flexibility and scale
  • An Avaya OpenStack Horizon-based Management Platform, delivering orchestration for compute (Nova), storage (Cinder/Swift) and network via Avaya Fabric Connect (Neutron)
  • Open APIs into the Avaya Fabric Connect architecture for ease of integration, customization and interoperability with other Software-Defined Networking architectures
Avaya said the key benefits of its SDDC framework include:
  • Reduced Time-to-Service: cloud services enabled in minutes through a five-step process
  • Simplified Virtual Machine Mobility: simple end-point provisioning enabling virtual machine mobility within and between geographically dispersed data centers
  • Multi-Vendor Orchestration: coordinated allocation of data center resources via a single interface to streamline the deployment of applications
  • Scale-out Connectivity: services scale to more than 16 million unique services, up from the limitation of 4000 in traditional Ethernet networks
  • Secure Multi-Tenancy: leveraging network, compute and storage layer abstraction and isolation
  • Improved Network Flexibility: overcomes current VLAN challenges to deliver a load-balanced, loop-free network where any logical topology can be built, independent of the physical layout

Tuesday, November 13, 2012

Avaya and GENBAND Collaborate on Unified Comm Roadmap

GENBAND and Avaya are jointly offering a Unified Communications (UC) roadmap for carrier class enterprise users of Avaya Communications Server 2100 (CS 2100) and Avaya SL-100. The collaboration will enable customers of both companies to use multimedia applications powered by Avaya Aura and the GENBAND GENiUS platform. Together the companies will continue to deliver a SIP-based UC solution that spans all fixed and mobile business communications functions for carrier-class enterprises in the higher education, healthcare, finance and government verticals. http://www.avaya.com http://www.GENBAND.com

See also