This morning, Avaya announced that they have voluntarily filed for Chapter 11 Bankruptcy protection. The company has obtained a committed $725 million debtor-in-possession ("DIP") financing facility. Subject to Court approval, this DIP financing, combined with the Company’s cash from operations, is expected to provide sufficient liquidity during the Chapter 11 cases to support its continuing business operations and minimize disruption.
What does this mean for IAUG?
- IAUG remains an independent organization and this has no impact on our business.
- IAUG leadership is in direct contact with Avaya's top leadership.
- We are aware Avaya has been searching for alternative options. We are excited to have a clear path defined by Avaya and will continue to provide our support to Avaya users and customers during this transition.
Now, more than ever, is the time for IAUG to work closely with Avaya to ensure our members- their customers- receive timely and accurate information. I can assure you this is also Avaya’s priority.
We know you will likely have more questions regarding the impact of this announcement. Avaya ENGAGE 2017 is the best opportunity to get answers to your questions. You’ll hear directly from Avaya regarding their plans, and have the opportunity to connect with other users, partners and analysts to discuss the future at length.
If you are unable to attend the event in-person, we will be posting updates as we have them.
In the meantime, please do not hesitate to reach out with any questions.
We are excited about the upcoming event, and the future for both Avaya and IAUG. We are truly better together.
- Brenda
Brenda Emerson
IAUG President