Nortel Sells Enterprise Solutions Business to Avaya
Posted On Jul 21, 2009 at at 12:28 AM by DophiAlthough this information had been known for couple months, but both Nortel and Avaya have announce the agreement today. The proposed acquisition includes the Nortel Enterprise Solutions voice, data and government systems businesses.
From Nortel News Release: Nortel To Sell Enterprise Solutions Business
July 20, 2009
Enters into Sale Agreements for Enterprise Solutions Business with Avaya for US$475 million
Sale of Businesses is Best Path for Nortel to Maximize Value While Preserving Innovation, Customer Relationships and Jobs to Greatest Extent Possible
Focus on Customers Continues Across all Businesses with Customer Service Levels at Multi-year Highs
"We continue to be fully focused on running our operations and continuing to serve our customers while actively engaged in the sale of our businesses. We have determined that the sale of our businesses maximizes value while preserving innovation platforms, customer relationships and jobs to the greatest extent possible. The CDMA and LTE Access stalking horse asset sale agreement announced on June 19th, and today's agreements around our Enterprise business are solid proof of that value. This represents the best path forward, and we are advancing in our discussions with interested parties for our other businesses."
From Avaya Press Release: Nortel Enterprise Solutions Employees
Nortel Enterprise Solutions would both complement and enhance our capabilities. Integrating the businesses post-closing would increase our global scale, expand our customer base, strengthen our channel ecosystem and accelerate innovation, especially in the area of open standards. We believe customers would enjoy a smooth product migration path and protection of their technology investment, with a “wrap and extend” approach. We would welcome Nortel partners into the Avaya program, and your customers could retain existing partner relationships and support.
What can I say? I would like to say “Sayonara Nortel !!” and “Good Luck, Avaya!”