Business communications software vendor Avaya is upbeat of continuing to turn the corner, despite recent rumours of potential buyers looking to snap up the company.
Speaking to the media on the side-lines of the ongoing Avaya Engage conference in Dubai, Nidal Abou-Ltaif, Avaya's president for EMEA and Asia-Pacific, said: "There was too much noise and too much speculation about Avaya, with rivals talking about uncertainty about the company. This is nothing new, and it's business as usual at Avaya."
Earlier this year, several publications reported Avaya's private equity owners - Silver Lake Partners and TPG Capital - were considering a sale of telecommunications equipment company Avaya that could have valued it at between $6 billion and $10 billion, including debt.
At the time, Avaya reportedly had a $6 billion debt burden, as it transitioned from a legacy hardware business to a software and services company helping corporate clients with their communication needs.
Other speculation was that rival telecoms organisation Genesys was one of many companies and private equity firms that had contacted Avaya about a potential deal. However, Genesys went on to buy fellow contact centre company Interactive Intelligence.
Last month, the Wall Street Journal reported Avaya was considering a Chapter 11 bankruptcy filing and nearing a deal to sell its call centre software unit in an effort to pare its heavy debt load after years of losses.
It added Avaya had struggled to keep up with established competitors such as Cisco and Huawei, as well as some business phone start-up companies.
However, Abou-Ltaif was singing another tune in Dubai yesterday. He based his defiance on the company's fourth fiscal quarter 2016 financial results published in October.
He noted revenue results reflect year-over-year growth in contact centre and networking products, as well as cloud and managed services and sequential growth in unified communications products.
The company's cash balance as of 30 September 2016 was approximately $336 million, up sequentially and year-over-year, he said, adding the company remains focused on its assessment of capital structure improvement opportunities.
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