Back in August, Avaya seemed to dominate the tech headlines, and at that time, I basically amalgamated the news of the day in my blog, “Can Avaya Survive A Chapter 22 Bankruptcy?”. The news back then was not good for Avaya, as there was growing speculation that Avaya would follow Radio Shack in filing “Chapter 22”. And it now looks as if speculation is evolving into certainty.
Earlier this week Avaya issued a lengthy Q4 guidance. If you’re like me, you’d rather read a summary of the guidance than all 180 pages. Henrik Alex provided a good summary in the Seeking Alpha article, Avaya - Secured Creditors Likely To Wipe Out Equity Holders In Bankruptcy.
For Alex, the bottom line is this. “Judging by this week's disclosures, Avaya is likely to file for bankruptcy in the near future with secured creditors about to emerge as the company's new owners thus wiping out existing equity holders, very much as projected by me in late July.” Whether you’re an equity holder or an Avaya system owner, these are unsettling times.
But there is some good news for Avaya system owners.
As one of the top Avaya third-party maintenance providers in the world, Continuant is here to help. We have supported five million Avaya users globally [over the past 27 years]. So, if you are wondering, “What now?”, we can work with you to find Avaya support solutions that work for your specific situation.
Our Avaya Maintenance Advantage Plans (MAP) are tailored to serve the needs of all types of businesses—from Fortune 500 to Finance and Healthcare to Higher Education. We encourage you to check out our Customer Success Stories.
If you’re ready to MAP out your next telecommunications strategy, let’s talk today.