On mySimon: Top Gifts for Him, Her, Mom, Dad & More!
BNET Business Network:
BNET
TechRepublic
ZDNet

September 14th, 2009

It's Official: Avaya Acquires Nortel Enterprise

Posted by Dave Greenfield @ 6:31 am

Categories: Uncategorized

Tags: Nortel Networks Corp., Avaya Inc., Research & Development, Mergers & Acquisitions, E-mail, Corporate Law, Business Operations, Investment, Finance, Online Communications

Hot off the e-mail wire:

Avaya today announced it was selected to acquire Nortel Enterprise Solutions for US $900 million in proceeds to Nortel and an additional pool of $15 million reserved for an employee retention program.

Today’s announcement follows the completion of an auction, and the final transaction is subject to court and customary regulatory approvals in Canada and the United States.

“Our successful bid brings us closer to adding Nortel and its complementary channel, portfolio, research and development, and global presence to Avaya,” said Kevin Kennedy, president and CEO, Avaya. “We believe the acquisition brings inherent value to both organizations’ customers, employees and partners, and we look forward to its successful conclusion.”

David GreenfieldDavid Greenfield is the principal in STAnalytics. a global technology-marketing consultancy where he advises enterprises on emerging technologies. See David Greenfield's full profile and disclosure of his industry affiliations.

Email David Greenfield

Subscribe to Team Think via Email alerts or RSS.

  • Talkback
  • Most Recent of 15 Talkback(s)
What Can Nortel Customer Expect?
I would think they can expect to continue to use
their Nortel equipment. Just might have to layer
some intelligence on top of it in order to get
more value out of it until everything shake... (Read the rest)
Posted by: bostonrunner26 Posted on: 10/05/09  (Edited: 10/05/09 @ 08:08) You are currently: a Guest | | Terms of Use
Now What Can Nortel Customers Expect  gtroyal@... | 09/14/09
Not much left to rationalise  rahbm | 09/14/09
Not quite...  dave@... | 09/16/09
What Can Nortel Customer Expect?  bostonrunner26 | 10/05/09
RE: It's Official: Avaya Acquires Nortel Enterprise  mindchaotica@... | 09/14/09
RE: It's Official: Avaya Acquires Nortel Enterprise  alenzo | 09/14/09
why didn't Verizon put in a bid themselves  jim.schafer@... | 09/15/09
Or the other way around...  diom1982 | 09/14/09
RE: It's Official: Avaya Acquires Nortel Enterprise  jjmcdonald7911@... | 09/14/09
Nortel's WebAlive..?  Dave GreenfieldZDNet Moderator | 09/14/09
Avaya Certs  xttrensia | 09/14/09
RE: It's Official: Avaya Acquires Nortel Enterprise  sdwilliams2009 | 09/14/09
RE: It's Official: Avaya Acquires Nortel Enterprise  kevin326 | 09/14/09
RE: It's Official: Avaya Acquires Nortel Enterprise  sj.singh@... | 09/14/09
RE: It's Official: Avaya Acquires Nortel Enterprise  anshu.s.chau@... | 09/15/09

What do you think?

SponsoredWhite Papers, Webcasts, and Downloads

Essential Topics Click Here

advertisement

Recent Entries

advertisement
Click Here

Archives

ZDNet Blogs

White Papers, Webcasts, and Downloads

  • Smart Tech Expert advice on innovations in healthcare and the green technologies that make it happen. Find out more
  • Smart Business Discussion and advice on management issues that revolve around making your world smarter and more useful. More Smart Advice
  • Smart People The best and worst moves in the management and strategy trenches. Learn More