Become a CRN member

Avaya rises from ashes of bankruptcy with $650m in liquidity

The unified communications giant is trying to resurrect itself again after going to the wall for the second time in six years

02 May 2023 • 2 min read

Avaya rises from ashes of bankruptcy with $650m in liquidity

Avaya has announced it has successfully completed its financial restructuring and emerged from the Chapter 11 process with $650m in its back pocket in liquidity. The vendor said this "growth-ori...

To continue reading this article...

Join CRN

Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
Gain the latest insights through market analysis and interviews with channel leaders
Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
Be the first to hear about our industry leading events and awards programmes

Join now

Already a CRN member?

Atos on the road to recovery following bumper Q1

Majority of organisations plan to have a datacentre infrastructure sustainability programme by 2027 - Gartner

Reseller

Avaya reseller boss pleads guilty of $88m pirate software scheme

The scheme involved generating and then selling unauthorised Avaya Direct International (ADI) software licenses

01 August 2023 • 2 min read

Vendor

Avaya appoints three new execs after avoiding bankruptcy

The unified comms giant announced in February it was filing for chapter 11 bankruptcy protection but appears to be in better health following financial restructuring

20 June 2023 • 2 min read