Received an email from IAUG that reveals that the company filed CH 11.
Dear IAUG Members,
As you have likely heard, yesterday Avaya announced its plans to implement a financial restructuring to accelerate its business transformation and to invest in the innovative evolution of its communications portfolio.
As part of this plan, Avaya and its U.S. subsidiaries filed voluntary Chapter 11 bankruptcy and expect this restructuring process to be completed within 60-90 days. It is important to acknowledge that Avaya has communicated that this process will have no impact on us as customers or IAUG as an organization. They have shared they are operating normally and will continue to prioritize service and support to customers and partners.
We have been through this before as an organization, and can attest that the partnership that IAUG and Avaya have forged since then through today is stronger than ever, and we are confident we will emerge from this process even more aligned.
As recently as last week, Avaya CEO Alan Masarek joined our Board of Directors call to share his vision for Avaya and our partnership. After hearing his perspective on what it means to truly ???innovate without disruption???, the IAUG board is optimistic and excited about the opportunities that are ahead for us as a community. Yes, times like this bring questions. However, we believe with the current leadership in place and the financial restructuring underway that Avaya is positioned to enhance their strategy and innovations. They have shown great commitment to hearing the voice of their customer. It is our shared goal that we support customers through value-added programs, resources, and opportunities. We hope you will connect with us ??? either at chapter meetings, at Avaya ENGAGE in June, virtually or however is convenient for you, to see, hear, and experience it first-hand.
IAUG is committed to keeping you informed and aware of all updates related to this announcement and the ongoing path forward for Avaya and IAUG. For more specific information and details on today???s announcement, please click here.
We would love to hear from you. If you have suggestions and/or questions that you would like to discuss or hear more about, please do not hesitate to reach out to me directly or IAUG Member Services at
[email protected].
Sincerely,
Lori Wodrich
IAUG President
