Contact Information: Lynn Newman lynnnewman@avaya.com 908-953-8692 (office) 908-672-1321 (mobile)
Avaya Selected to Acquire Nortel Enterprise Solutions
| Source: Avaya Inc.
BASKING RIDGE, NJ--(Marketwire - September 14, 2009) - Avaya today announced it was selected to
acquire Nortel Enterprise Solutions for US $900 million in proceeds to
Nortel and an additional pool of $15 million reserved for an employee
retention program.
Today's announcement follows the completion of an auction, and the final
transaction is subject to court and customary regulatory approvals in
Canada and the United States.
"Our successful bid brings us closer to adding Nortel and its complementary
channel, portfolio, research and development, and global presence to
Avaya," said Kevin Kennedy, president and CEO, Avaya. "We believe the
acquisition brings inherent value to both organizations' customers,
employees and partners, and we look forward to its successful conclusion."
About Avaya
Avaya is a global leader in enterprise communications systems. The company
provides unified communications, contact centers, and related services
directly and through its channel partners to leading businesses and
organizations around the world. Enterprises of all sizes depend on Avaya
for state-of-the-art communications that improve efficiency, collaboration,
customer service and competitiveness. For more information please visit
www.avaya.com.
Forward-Looking Statements
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statements. These statements may be identified by the use of forward
looking terminology such as "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "might," "plan," "potential,"
"predict," "should" or "will" or other similar terminology. We have based
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assumptions, estimates and projections are reasonable, such forward looking
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important factors may cause our actual results, performance or achievements
to differ materially from any future results, performance or achievements
expressed or implied by these forward-looking statements. Some of the key
factors that could cause actual results to differ from our expectations
include: our ability to develop and sell advanced communications products
and services, including unified communications and contact center
solutions; our ability to develop our indirect sales channel; economic
conditions and the willingness of enterprises to make capital investments;
the market for advanced communications products and services, including
unified communications solutions; our ability to remain competitive in the
markets we serve; our ability to manage our supply chain and logistics
functions; the complexity of our IT infrastructure; the ability to protect
our intellectual property and avoid claims of infringement; our ability to
effectively integrate acquired businesses into ours; our ability to
maintain adequate security over our information systems; environmental,
health and safety laws, regulations, costs and other liabilities; the
ability to retain and attract key employees; risks relating to the
transaction of business internationally; pension and post-retirement
healthcare and life insurance liabilities; and liquidity and our access to
capital markets. We caution you that the foregoing list of important
factors may not contain all of the material factors that are important to
you. We undertake no obligation to update or revise any forward-looking
statement as a result of new information, future events or otherwise,
except as otherwise required by law.