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Avaya Communication Server 1000 for Avaya Aura Maintenance
Avaya Communication approach
Killexams : Avaya Communication approach - BingNews https://killexams.com/pass4sure/exam-detail/7004-1 Search results Killexams : Avaya Communication approach - BingNews https://killexams.com/pass4sure/exam-detail/7004-1 https://killexams.com/exam_list/Avaya Killexams : Revamped Avaya Roadmap Orbits Around Cloud, Experience Platform

Networking News

Gina Narcisi

The UC giant’s updated product roadmap reflects Avaya’s plan to tap into its massive install base and pave the way for migration to the cloud or the addition of over-the-top cloud solutions that won’t “disrupt” communications infrastructure that’s already in place, the company tells CRN.

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Avaya experienced a turbulent 2022 with missed revenue targets and earnings, layoffs, and a new CEO brought on to redirect the company. Now, the unified communications powerhouse is unveiling an updated and simplified product roadmap.

The company is placing a larger emphasis on the omnichannel Avaya Experience platform, the centerpiece of its cloud strategy, in a way that both addresses the market demand for all-in-one for contact center as-a-service (CCaaS) solutions, while balancing the needs of its massive install base of customers, Steve Forcum, head of Solutions Marketing for Avaya, told CRN.

“What we want to do is we want to meet our customers where they are. Experience Platform is an incredible piece of tech, but at the end of the day, moving what works in your organization to a different platform simply to add these capabilities is a lot of times a nonstarter for our customers,” he said.

The Avaya Experience Platform is the company’s “North Star” in which the rest of Avaya’s portfolio orbits, Forcum said. The goal of the platform is to empower organizations to support the touch points that occur between the business or brand and the end customers, but then weaving them into an ongoing discussion. “This is really where the magic happens,” he said. “If I’m in a discussion with a customer and they tell me that two weeks ago, they spoke to someone, I can actually go back in time [and] see who that person was talking to and pull up the transcript of what was said. This way, I can pick that conversation where and when it left off and then treat it like a relay race for the next employee that’s going to interact with this customer.”

The next step will include harvesting the data collected by the platform and turning it into actionable information for partners and end customers that go beyond simple performance metrics, Forcum said.

[Related: Avaya CEO Calls For ‘Innovation Without Disruption’ For Enterprises ]

Avaya is still the largest premise-based UC provider on the market, which gives partners the unique ability to transition or even partially transition customers to the cloud based on their requirements, according to the company. There are many customers that aren’t looking to rip and replace their existing premise-architected communications solutions, but they may be interested in moving to the cloud for contact center-as-a-service (CCaaS) or an omnichannel collaboration solution, Avaya’s new CEO Alan Masarek told CRN in September.

“The beauty is, no one wants to go through that loss of the rip and replace. We can uniquely provide what competitors can’t. A competing [solution], by definition, is a complete rip and replace. Ours is not. It’s innovation without disruption and that really resonates with customers and partners,” Masarek said.

Offering innovation without disruption starts with Avaya’s customer base currently on the Avaya Aura and Contact Center Elite platforms, which make up the bulk of Avaya’s 100 million-seat install base, Forcum said.

Most of these customers have these solutions deployed in their data centers, he added. “The first thing we’re communicating to these customers is that if it ain’t broke, you don’t need to fix it. If your voice is routing properly, if you’ve got all these applications intertwined and you don’t want to move that to somewhere else, you don’t have to.”

This strategy will allow partners to help their customers “upgrade in place,” while keeping the existing platform current, while buying the product on a perpetual license or if they move to a subscription model. “You can pull down services from Experience Platform to add to that environment … we’re empowering further choice,” Forcum said.

Avaya in 2023 will be launching a unified client for Contact Center Elite and the Experience Platform to deliver users a single sign-on and pane of glass with which to view customer interactions. Avaya will also be adding an over-the-top integration between the Experience Platform and Avaya IP Office for VoIP, Forcum added.

For customers that are ready to go all-in on cloud for their communications needs, Avaya is ready to move IP Office users to Avaya Cloud Office (ACO), its UC offering based on the RingCentral platform. ACO and the Experience Platform are already fully integrated for combined UC and CCaaS needs.

Avaya said it plans on introducing more than 300 new features and enhancements to its communications solutions over the course of 2023.

Removing Complexity

In going live with its updated product roadmap, Avaya wanted to stress clarity and simplicity, Forcum said.

One of the first places the Durham, N.C.-based company is starting is injecting clarity within its product naming convention, which has been “conceptual” and will now be more “tangible,” Forcum said. For example, the company’s OneCloud CCaaS cloud-based contact center solution is now referred to as the Avaya Experience Platform. Avaya OneCloud Private, its private cloud offering, is now Avaya Enterprise Cloud as a nod to the offering’s strength with large customers, the company said.

“This is an ongoing effort that will be applying to other areas of our product portfolio to make it easier to understand when we’re explaining solutions, and when customers are looking at different products, and what we’re actually aiming at,” he said.

The embattled company, in addition to simplifying its product portfolio, has also been working on “right sizing the organization. Avaya in September initiated cost-cutting measures that includes an unspecified number of layoffs following its plan announced in July to begin “significant” cost-cutting measures to the tune of $225 million to $250 million during the company’s last fiscal quarter.

“As previously stated, lowering our costs, including through a reduction in our workforce, is necessary to position Avaya as a more agile and innovative organization and to align Avaya’s cost structure with our contractual, recurring revenue business model,” said Avaya CEO Alan Masarek in a statement regarding the layoffs two months ago.

Masarek said the company’s “reset” has required difficult decisions across the organizations and within Avaya’s portfolio, but said the changes are “necessary” to facilitate the company’s software transformation, in a blog post published on Tuesday.

Avaya has about 90,000 customers globally, according to the company.

Gina Narcisi

Gina Narcisi is a senior editor covering the networking and telecom markets for CRN.com. Prior to joining CRN, she covered the networking, unified communications and cloud space for TechTarget. She can be reached at gnarcisi@thechannelcompany.com.

Tue, 29 Nov 2022 17:16:00 -0600 en text/html https://www.crn.com/news/networking/revamped-avaya-roadmap-orbits-around-cloud-experience-platform
Killexams : Avaya demos how customers can tap into the metaverse

Multinational technology company Avaya has shown how customers can immerse themselves in the metaverse with a technology demonstration that extends contact centre capabilities into new, virtual territory.

Shown at Gartner IT Symposium / Xpo in Barcelona, Avaya’s “Metaverse Experience” concept builds the link between the metaverse and the real world.

It demonstrates how organisations can extend their contact centre capabilities into the metaverse using Avaya Experience Platform.

It also shows how businesses can imagine how their contact centre agents can support and interact with customers within the virtual world.

“Avaya customers can experiment with the metaverse and add contact centre capabilities without having to bring in a new platform or go through a major upgrade,” said ZK Research founder and principal analyst Zeus Kerravala.

“Organisations are competing in an experience economy, and they need advanced features and capabilities to deliver the experiences that their customers and employees demand. But they also need a migration path to rolling out these capabilities that does not involve the disruptive ripping and replacing of existing technology,” said Avaya vice president certified organisation Yaser Alzubaidi.

“With the Avaya Experience Platform, we are bringing this ability to life—and the Metaverse Experience concept is a prime example of what you can achieve with such a platform.”

The Metaverse Experience is one of a number of concepts being demonstrated by Avaya at Gartner IT Symposium / Xpo in Barcelona, where the company is showcasing solutions that enable organisations to turn every moment with customers into momentum for their businesses.

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Killexams : Avaya Announces Changes to Executive Leadership Team

RALEIGH-DURHAM, N.C.--()--Avaya Holdings Corp. (NYSE: AVYA) ("Avaya" or "the Company") today announced certain changes to its executive team as the Company continues executing on its transformation to subscription and cloud-delivered services. Kieran McGrath will retire as Executive Vice President and Chief Financial Officer. Becky Roof, Managing Director at global consulting firm AlixPartners, LLP, has been appointed as interim Chief Financial Officer. These changes are effective November 9, 2022, and Mr. McGrath has agreed to continue with Avaya in an advisory capacity until December 1, 2022 to ensure a smooth transition.

Additionally, the Company announced that Shefali Shah, Executive Vice President and Chief Administrative Officer, will take on responsibilities in connection with strategic initiatives being implemented by Alan Masarek, the Company’s President and Chief Executive Officer. In connection with Ms. Shah’s assumption of these responsibilities, Vito Carnevale, the Company’s General Counsel, who oversees Avaya’s legal, compliance and security functions, will report to Mr. Masarek.

“Avaya’s transformation to subscription and cloud-delivered services is well underway, and we have made tremendous progress enhancing operating efficiency and delivering on our cost-reduction initiatives,” Mr. Masarek said. “I thank Kieran for his contributions to Avaya, including delaying his retirement to support my transition to the Company, and wish him all the best in his retirement. As we continue positioning the business for the long term, I look forward to benefitting from Becky’s expertise. We remain focused on continuing to provide our global customers with outstanding communications solutions and support, and investing in our long-range product roadmaps.”

Avaya has retained an outside executive search firm to help identify a permanent Chief Financial Officer.

About Becky Roof

Ms. Roof is a certified public accountant and seasoned financial executive with over 20 years of experience at global consulting firm AlixPartners, LLP. In her role as Managing Director, she provides advisory and C-suite interim management services to publicly traded companies and has previously served in an interim CFO capacity at a number of public and private companies.

In addition, Ms. Roof currently serves on the advisory board of Texas Wall Street Women and is a member of the United Way Women’s Initiative in Houston, Texas.

About Avaya

Businesses are built by the experiences they provide, and everyday millions of those experiences are delivered by Avaya Holdings Corp. (NYSE: AVYA). Avaya is shaping what's next for the future of work, with innovation and partnerships that deliver game-changing business benefits. Our cloud communications solutions and multi-cloud application ecosystem power personalized, intelligent, and effortless customer and employee experiences to help achieve strategic ambitions and desired outcomes. Together, we are committed to help grow your business by delivering Experiences that Matter. Learn more at http://www.avaya.com.

Cautionary Note Regarding Forward-Looking Statements

This release contains certain "forward-looking statements." All statements other than statements of historical fact are "forward-looking" statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could,“ "estimate," "expect," "intend," "may," "might," "our vision," "plan," "potential," "preliminary," "predict," "should," "will," or "would" or the negative thereof or other variations thereof or comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. These statements do not include the potential impact of any business combinations, asset acquisitions, divestitures, strategic investments or other strategic transactions completed after the date hereof. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. Risks and uncertainties that may cause these forward-looking statements to be inaccurate include, among others: the finalization of the Company's fiscal 2022 third quarter financial statements; the findings of the Audit Committee’s investigations; the effectiveness of the Company’s internal control over financial reporting and disclosure controls and procedures, and the potential for a material weaknesses in the Company’s internal controls over financial reporting or other potential weaknesses of which the Company is not currently aware or which have not been detected; the Company’s ability to continue as a going concern; the impact of litigation and regulatory proceedings; the impact and timing of any cost-savings measures; the termination or modification of current contracts which could impair attainment of our OneCloud ARR metric; the duration, severity and impact of the coronavirus pandemic ("COVID-19"); the impact of the Russia/Ukraine conflict on the global economy and our business, including impacts from related sanctions and export controls imposed by the U.S., UK and the EU on certain industries and Russian parties as a result of the conflict, as well as responses by the governments of Russia or other jurisdictions; and other factors discussed in the Company's Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (the "SEC"). These risks and uncertainties may cause the Company’s actual results, performance, liquidity or achievements to differ materially from any future results, performance, liquidity or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Company’s filings with the SEC that are available at www.sec.gov. The Company cautions you that the list of important factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this report may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

Sun, 06 Nov 2022 23:44:00 -0600 en text/html https://www.businesswire.com/news/home/20221107005655/en/Avaya-Announces-Changes-to-Executive-Leadership-Team
Killexams : Team Collaboration Tools Market will worth around USD 44.4 billion by 2029 it will grow at a CAGR of 9% till 2029 : GreyViews

Pune India, Dec. 09, 2022 (GLOBE NEWSWIRE) -- The market has been studied for the below-mentioned segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the team collaboration tools market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the team collaboration tools treatment market are present across various countries in the above-mentioned regions.

Get sample Copy of This Report @ https://greyviews.com/reports/team-collaboration-tools-market/158/request-sample

The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as software type, deployment, industry, and others. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the below paragraphs.

The significant players operating in the global team collaboration tools market are Cisco Systems, Inc., Avaya Inc., AT&T, Inc., Slack Technologies, LLC, IBM Corporation, Asana, Inc., Blackboard, Inc., Microsoft, OpenText Corporation, Citrix Systems, Inc., Adobe, Google LLC, Oracle, Zoom Video Communications, Inc., among others. To achieve a substantial market share in the worldwide Team Collaboration Tools market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.

Team collaboration tools, commonly referred to as team collaboration software, are the various software programs and online services that allow people and businesses to effectively collaborate on shared projects, independent of their physical locations. A team collaboration tool's main mission is to align workers by supporting a group of two or more people and aiding them in the achievement of a shared goal. The tools can be as basic as email or as complicated as an advanced project management platform. The need for team collaboration tools grows as the modern workplace moves further away from having a physical location, making them a crucial component of an enterprise's workflow. The correct solution can Strengthen productivity and build the team by facilitating effective remote team member communication. Additionally, team collaboration technologies can store work history, allowing users to draw lessons from the past. A subclass of collaboration platforms are team collaboration tools. While they have some similar features, the main distinction is that team collaboration tools concentrate on providing real-time messaging and can take the place of email among teams. Software for team collaboration also has phone calling and video conferencing features. Overall, these solutions create a uniform platform for team discussion, job assignments, file sharing, online storage, and real-time collaboration, enabling more coordinated workflow.

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Scope of Team Collaboration Tools Market Report

Report Metric Information
Study Period 2021-2029
Base Year             2021
Forecast Period 2022-2029
Market Share Unit USD Billion
Segments Covered By Software Type, By Deployment, By Industry, By Region
Regions Covered North America, Europe, Asia-Pacific, South America and Middle-East and Africa
Major Players Cisco Systems, Inc., Avaya Inc., AT&T, Inc., Slack Technologies, LLC, IBM Corporation, Asana, Inc., Blackboard, Inc., Microsoft, OpenText Corporation, Citrix Systems, Inc., Adobe, Google LLC, Oracle, Zoom Video Communications, Inc., among others

Segmentation Analysis

The cloud segment is expected to be the fastest-growing segment in 2021.

The deployment includes on-premise and cloud. During the forecast period, the cloud segment is anticipated to grow at the fastest rate. Devices and channels including desktops, cellphones, tablets, social media, and websites can all be supported by the cloud-based deployment approach. The creation of online content for various social media platforms is being fueled by rising internet usage and smartphone ownership. Due to benefits such scalability integration and extension in usage, cloud-based deployment of team collaboration tools solutions is gaining popularity. As a result, businesses are implementing public or private cloud platforms according on their requirements and budgets.

BFSI is expected to be the fastest-growing segment in 2021.

The industry includes BFSI, healthcare, retail, transportation, and others. The BFSI segment is expected to witness the highest CAGR during the forecast period. Technology development has forced BFSI organizations to concentrate on boosting client feedback. Banks have adopted team collaboration tools solutions to engage clients, strengthen their ties with them, and draw in new ones as a result of the banking industry's intensifying rivalry. Customers' preference for internet and mobile banking is expanding, providing banks with new chances to attract clients and boost client loyalty.

Regional Analysis                                                         

The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the Team Collaboration Tools include US, Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa and Saudi Arabia.

  • North America region witnessed a major share. Due to the swift adoption of web conferencing systems and collaboration portals by regional businesses, the industry is growing. Additionally, it is anticipated that convenient access to high-speed internet—which is required for using remote work models—will assist the regional market's expansion prospects. Asana, Cisco Systems, Inc., Microsoft, and other prominent industry participants are all likely to contribute to the market's attractive growth potential.

Country Analysis

Germany's Team Collaboration Tools market size was valued at USD 1.37 billion in 2021 and is expected to reach USD 2.35 billion by 2029, at a CAGR of 7% from 2022 to 2029. In The high demand for cloud-based solutions in Germany raises the need for team collaboration tools. The nation's industrial and auto industries are prospering. Manufacturing companies are more likely to use automated solutions like automated material handling equipment as a result of the growing demand for increased productivity and efficiency in these sectors. Such elements are what the German market is demanding.

China Team Collaboration Tools' market size was valued at USD 1.98 billion in 2021 and is expected to reach USD 3.83 billion by 2029, at a CAGR of 8.6% from 2022 to 2029. China is the world's largest market for the production of automobiles. Additionally, Chinese consumers now have a lot more disposable income. In the upcoming years, the country's logistics market is probably going to progressively grow. Improvements in infrastructure, increased domestic consumption, and rising demand for third-party logistics companies that provide low-cost services are all factors contributing to this expansion.

India's Team Collaboration Tools market size was valued at USD 1.72 billion in 2021 and is expected to reach USD 3.18 billion by 2029, at a CAGR of 8% from 2022 to 2029. India's e-commerce market has undergone significant development in exact years. There has been considerable rivalry in the nation's e-commerce market between Flipkart, Amazon, and other players. In addition, there is a sizable urban population, which offers tremendous potential for the development of the e-commerce business. It is projected that the e-commerce industry's increased use of collaborative tools would help drive the expansion of the nation's team collaboration software market.
Covid-19 Impact

Covid-19 had a major impact on almost all industries, such as ICT, healthcare, semiconductors, automobiles, etc. However, several companies operating in the ICT sector have seen increased revenue due to significant changes in consumer preferences toward better management. Customers are rapidly shifting toward digital channels to buy products or services amidst the nationwide lockdown and related restrictions.

Furthermore, the growth of this market is mainly driven owing to the development and advancement in the end-user industry.

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Fri, 09 Dec 2022 00:00:00 -0600 text/html https://www.benzinga.com/pressreleases/22/12/g30022825/team-collaboration-tools-market-will-worth-around-usd-44-4-billion-by-2029-it-will-grow-at-a-cagr-
Killexams : Avaya Investor Alert

New York, New York--(Newsfile Corp. - November 29, 2022) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Avaya Holdings Corp. ("Avaya" or the "Company") (NYSE: AVYA).

If you suffered losses exceeding $50,000 investing in Avaya stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/AVYA.

Tue, 29 Nov 2022 09:37:00 -0600 en-US text/html https://www.wsj.com/articles/avaya-investor-alert-01669763192
Killexams : Cash-strapped Avaya contracts with professional CFO for $225K a month No result found, try new keyword!As cash-strapped Avaya Holdings (NYSE: AVYA) tries to pull itself out of a financial hole, the Durham company has tapped a new interim CFO, signing a deal to pay her $225,000 a month. New ... Tue, 08 Nov 2022 17:32:00 -0600 text/html https://www.bizjournals.com/triangle/news/2022/11/08/avaya-interim-cfo-financials-loan-debt-goldman-jpm.html Killexams : DIDWW SIP trunking empowers Air Serbia's voice comms through Avaya Aura platform

DUBLIN, Nov. 30, 2022 /PRNewswire/ -- Air Serbia, the national airline of the Republic of Serbia providing scheduled, seasonal and charter flights to over 70 destinations, has formed a strategic alliance with DIDWW, a global telecoms operator offering premium quality VoIP and SMS communication services for businesses. The Serbian airline is using DIDWW two-way SIP trunking for its corporate communications, along with the Avaya Aura® Communication Manager.

DIDWW SIP trunking empowers Air Serbia’s voice comms through Avaya Aura platform

This partnership with DIDWW allows Air Serbia to expand its local and international communications by using the powerful DIDWW SIP trunking service. This solution offers virtually unlimited call capacity, flexible VoIP trunk configuration options, and truly local premium quality calling. The two-way SIP trunking service enables the airline to access the PSTN in more than 80 countries, providing the company with an extended global reach and a high standard of reliability and availability, as well as access to local routes with guaranteed CLI (Calling Line Identification).

"As a national airline, we have daily contact with passengers. With the support of DIDWW and the Avaya IP voice platform, we have constant and stable communication with our passengers, and at the same time provide them with every possible channel of communication with our services. The possibility of calling local phone numbers with immediate and direct verbal communication, without using expensive international links and calls, is very important to our passengers. DIDWW and the Avaya IP platform provide Air Serbia as well as our passengers with a reliable, fast, and economical service. This partnership is a great support for our strategic goals and mission," said Bosko Rupic, General Manager, Commercial and Strategy, Air Serbia.

"Technology partners like DIDWW make SIP Trunking with Avaya solutions simple and cost effective," said Susy Liem, Avaya Vice President of Product Management. "Successful completion of compliance testing provides customers with confidence that DIDWW SIP Trunking services work in conjunction with Avaya Aura deployments and help them save on deployment and operating costs."

Laura Pakamaniene, Business Development Manager at DIDWW, added, "We are excited to establish a strong partnership with Air Serbia in cooperation with our technology partner Avaya. As a growing number of companies rely on the BYOC (Bring Your Own Carrier) model seeking innovative solutions, we are glad to offer such services to Air Serbia and partners alike."

About DIDWW

DIDWW is a platform for telecommunication professionals with full self-service access and real-time provisioning, APIs and all the necessary building blocks for achieving the ultimate control over voice and SMS services.

The company offers the largest fully compliant international coverage of local, national, mobile, toll-free voice and SMS-enabled virtual phone numbers, two-way local and global SIP trunks, access to local emergency services, flexible capacity options, free global number portability, a number selection tool, and more.

DIDWW delivers premium quality services to thousands of operators worldwide through a private and fully geo-redundant network with mission-critical reliability and guaranteed SLAs. Their customers enjoy advanced solutions coupled with a unique service experience and superior value, all driven by a highly motivated team of professionals.

To learn more about DIDWW, please visit https://www.didww.com/.

About Air Serbia

The national airline of the Republic of Serbia has been operating under the name of Air Serbia since October 2013. It is the successor of Aeroput, which was founded in June 1927 and ever since has been among the leaders in the civil aviation industry. In 1961, it became a member of the International Air Transport Association (IATA).

In the summer of 2022, the airline flew to more than 70 scheduled and charter destinations in Europe, the Mediterranean, North America, and Africa, both in passenger and cargo traffic. Through partner airlines, it offers flights to international destinations in Asia, Australia, North America, and Africa.

To learn more about Air Serbia, please visit https://www.airserbia.com/media-centre.

Press Contact:

Vilija Simkiene
Marketing Department
vilija.s@didww.com
+1 (212) 461 1854
www.didww.com

Photo: https://mma.prnewswire.com/media/1958732/Air_Serbia_and_DIDWW_partnership.jpg

Cision

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SOURCE DIDWW

Tue, 29 Nov 2022 19:48:00 -0600 en-US text/html https://finance.yahoo.com/news/didww-sip-trunking-empowers-air-094600470.html
Killexams : Avaya discloses ICFR weaknesses linked to whistleblower logs

Avaya Holdings disclosed its assessment of internal control over financial reporting (ICFR) in its fiscal year 2021 annual report can’t be relied upon, along with acknowledging weaknesses in its ethics and compliance program.

The deficiencies in internal control over financial reporting (ICFR) represented “material weaknesses,” the cloud technology company said in a filing with the Securities and Exchange Commission (SEC) on Wednesday. While Avaya contends with the control lapses, the company will file late its annual report for the year ended Sept. 30, 2022, it disclosed separately.

The announcements follow internal investigations and audits the company launched after learning its financial results for the quarter ended June 30, 2022, would be “significantly lower than previous expectations,” according to a late filing notice Avaya delivered to the SEC on Aug. 9.

Fri, 02 Dec 2022 04:33:00 -0600 Adrianne Appel en text/html https://www.complianceweek.com/accounting-and-auditing/avaya-discloses-icfr-weaknesses-linked-to-whistleblower-logs/32407.article
Killexams : AVAYA INVESTOR ALERT

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Avaya To Contact Him Directly To Discuss Their Options

NEW YORK, Dec. 1, 2022 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Avaya Holdings Corp. ("Avaya" or the "Company") AVYA.

If you suffered losses exceeding $50,000 investing in Avaya stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/AVYA.

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

On June 27, 2022, Avaya announced $600 million in aggregate financing commitments, including $350 million of new Senior Secured Term Loans and $250 million of Exchangeable Senior Secured Notes. Management claimed "[t]his funding supports and accelerates our business model transformation."

A month later, on July 28, 2022, Avaya announced its board fired CEO James M. Chirico, Jr. The company also announced disastrous preliminary Q3 2022 financial results that included expected revenues and adjusted EBITDA well below previously given guidance and an unquantified but "significant" impairment charge. In addition, the company withdrew its 2022 guidance. This news sent the price of Avaya shares crashing 57% lower the next day.

Then, on Aug. 9, 2022, Avaya announced: (1) it determined there is substantial doubt about its ability to continue as a going concern; (2) it would not timely file its financial statements for the quarter ended June 30, 2022; (3) its Audit Committee commenced internal investigations into circumstances surrounding the company's financial results for the quarter; and, (4) the Committee also commenced an investigation into matters raised by a whistleblower. This news sent the price of Avaya shares crashing 45% lower that day.

Most recently, on Nov. 30, 2022, Avaya announced it would not timely file its financial statements for its fiscal year ended Sept. 30, 2022, revealed that its internal investigation is continuing, and admitted that it did not appropriately log the whistleblower's email received by a member of its Board of Directors and did not convey its existence to management or to its outside auditor.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not certain or predict a similar outcome with respect to any future matter.  We welcome the opportunity to discuss your particular case.  All communications will be treated in a confidential manner.

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SOURCE Faruqi & Faruqi, LLP

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Thu, 01 Dec 2022 06:47:00 -0600 text/html https://www.benzinga.com/pressreleases/22/12/n29931207/avaya-investor-alert
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