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Killexams : Avaya Converged education - BingNews https://killexams.com/pass4sure/exam-detail/76940X Search results Killexams : Avaya Converged education - BingNews https://killexams.com/pass4sure/exam-detail/76940X https://killexams.com/exam_list/Avaya Killexams : Avaya Discloses Certain Information Related to Ongoing Constructive Discussions with Financial Stakeholders

RALEIGH-DURHAM, N.C.--(BUSINESS WIRE)--Dec 13, 2022--

Avaya Holdings Corp. (NYSE: AVYA) ("Avaya" or "the Company") today publicly disclosed certain business information that it confidentially shared with certain of its financial stakeholders. This information was shared in connection with ongoing constructive discussions Avaya is having with its financial stakeholders regarding a comprehensive resolution to strengthen the Company’s balance sheet and position the business for long-term success.

Alan Masarek, Avaya’s Chief Executive Officer, said, “We are pleased to remain engaged in constructive discussions with all of our financial stakeholders to enhance our capital structure, increase liquidity and accelerate our investment in innovative products and solutions. Avaya benefits from an iconic brand, massive partner ecosystem and a truly global footprint, and we are confident the steps we are taking are in the best interest of our business and our stakeholders.”

Avaya announced today that Jill Frizzley has been appointed to its Board of Directors, effective immediately. Ms. Frizzley is a corporate governance expert with over two decades of experience serving on boards and advising on financial restructuring and mergers and acquisitions. Ms. Frizzley was nominated to Avaya’s Board by RingCentral, pursuant to their strategic partnership. The Company remains committed to a strategic partnership with RingCentral.

“I look forward to working closely with Jill and benefitting from her deep expertise as we continue taking steps to strengthen Avaya for long-term success,” added Mr. Masarek.

Additional information is available in a Current Report on Form 8-K Avaya filed today with the U.S. Securities and Exchange Commission (“SEC”).

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.

Forward-Looking Statements

This press 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. These forward-looking statements are subject to a number of factors and uncertainties that could cause the Company’s genuine results to differ materially from those expressed in or contemplated by the forward-looking statements. Such factors include, but are not limited to: the ability of the Company to negotiate and execute a successful transaction with its financial stakeholders; the finalization of the Company’s third quarter and annual financial statements (including finalization of the Company’s impairment tests); completion of standard annual-close processes; the Company’s ability to address the convertible notes that mature in June 2023 and continue as a going concern; the risk of an event of default under one or more of the Company’s senior debt facilities, including as a result of the Company’s failure to timely finalize its annual financial statements; the findings of the Company’s internal investigations; the effectiveness of the Company’s internal control over financial reporting and disclosure controls and procedures, and the potential for a material weakness 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 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 the Company’s OneCloud ARR metric; the duration, severity and impact of the coronavirus pandemic; the impact of the Russia/Ukraine conflict on the global economy and the Company’s 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 SEC. These risks and uncertainties may cause the Company’s genuine 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 press release 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.

Source: Avaya Newsroom

View source version on businesswire.com:https://www.businesswire.com/news/home/20221213005760/en/

CONTACT: Media Inquiries

Meaghan Repko / Aura Reinhard

Joele Frank, Wilkinson Brimmer Katcher

(212) 355-4449Investor Inquiries

Tyler Chambers

investors@avaya.com

KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA

INDUSTRY KEYWORD: TELECOMMUNICATIONS SOFTWARE NETWORKS INTERNET AUDIO/VIDEO TECHNOLOGY VOIP MOBILE/WIRELESS

SOURCE: Avaya Holdings Corp.

Copyright Business Wire 2022.

PUB: 12/13/2022 09:15 AM/DISC: 12/13/2022 09:16 AM

http://www.businesswire.com/news/home/20221213005760/en

Copyright Business Wire 2022.

Mon, 12 Dec 2022 23:15:00 -0600 en text/html https://www.bakersfield.com/ap/news/avaya-discloses-certain-information-related-to-ongoing-constructive-discussions-with-financial-stakeholders/article_139ad675-f067-5736-a0df-29cc144f5a46.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

New York, New York--(Newsfile Corp. - December 6, 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, 06 Dec 2022 21:25:00 -0600 en-US text/html https://www.wsj.com/articles/avaya-investor-alert-01670367991
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 give 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 appoints Dino Beverakis as A/NZ boss
Dino Beverakis (Avaya)

Dino Beverakis (Avaya)

Credit: Avaya

Avaya Australia and New Zealand has appointed its second managing director in two years in the form of Dino Beverakis. 

The unified communications vendor officially promoted Beverakis from A/NZ head of professional services to the MD role, although ARN understands he has been leading the operation unofficially for some time. 

Beverakis is based in Sydney and reports to Sami Ammous, vice president for East Asia and the Pacific at Avaya.

He fills the role previously held by Simon Vatcher from August 2020 until July last year. Vatcher had replaced Peter Chidiac, who joined Avaya in 2016 and left in early 2020 to join Microsoft. 

In his new role, Beverakis is charged with driving growth in the region, working alongside customers and channel partners in Federal and State Government, banking and financial services and education.