Avaya Corp. Monday announced that it has signed agreements to purchase Nortel Networks Corp.'s enterprise solu...
July 22, 2009
Avaya Corp. Monday announced that it has signed agreements to purchase Nortel Networks Corp.’s enterprise solutions business for US$475 million.
“The addition of Nortel Enterprise Solutions will increase Avaya’s global scale, expand our channel partner network, and strengthen our portfolio of products and services,” said Kevin Kennedy, president and CEO of Avaya.
“This is a strategic opportunity to acquire talent and complementary assets that position the combined company for growth and success.”
The proposed acquisition includes the Nortel Enterprise Solutions voice, data and government systems businesses.
The transaction is subject to a competitive bidding process and requires the approval of the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice.