By Nick Gowdy on September 16, 2009
On Monday it was announced that Avaya had won the auction to acquire Nortel Enterprise Solutions for $900M plus another $15M for an employee retention program. Nortel, a behemoth Toronto-based telecom, was once seen as a motivating force for business VoIP PBX development. This year it has instead been hemorrhaging money, filing for bankruptcy, liquidating assets, and dropping enterprise customers. While Avaya’s deal blocks rival-bidder Seimens and gives them a leading large enterprise market share in North America over Cisco, the move has many analysts shaking their heads.
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Posted in Business VoIP, Hosted VoIP, VoIP Industry News | Tagged Avaya buys Nortel, Business VoIP PBX, Enterprise Phone Systems |