Avaya Files for Chapter 11 Bankruptcy Protection
The company needs to break from its hardware-centric past.
The company needs to break from its hardware-centric past.
Rumors have been running around for months that Hewlett Packard Enterprise was shopping around for a way to be a bigger player in the hyperconverged storage arena, and the recent scuttlebutt was that HPE was considering paying close to $4 billion for one of the larger players in server-storage hybrids. This turns out to not be true. HPE is paying only $650 million to snap up what was, until now, thought to be one of Silicon Valley’s dozen or so unicorns with over a $1 billion valuation.
It is refreshing to see that HPE is not overpaying for an …
HPE Gets Serious About Hyperconverged Storage With SimpliVity Buy was written by Timothy Prickett Morgan at The Next Platform.
Not much of a surprise, the Avaya business has been doing OK but the company has a large about of debt that is dragging it down. Chapter 11 likely to allow restructuring of debt and plan a path forward.
Its possible that the business could be broken up or pieces sold off to pay down debt but the lack of buyers for Brocade (either whole or in part) suggests that is unlikely for networking. Other parts of Avaya might be sold off
Link: Avaya Inc. Files for Chapter 11 Protection – http://www.avaya.com/en/about-avaya/newsroom/news-releases/2017/pr-us-170119a/
Customer FAQ: http://www.avaya.com/en/documents/filing-faqs.pdf has more info:
As a result of the terms of Avaya’s debt obligations and the upcoming debt maturities, we need to recapitalize the Company and believe the restructuring process is the best path forward at this time. Our businesses are healthy and performing well, and we are executing at a high level.
Seems likely.
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It's a new year with new opportunities for oVirt to show up its virtualization features! We're getting ready for DevConf.CZ in Brno next week, and FOSDEM in Brussels the week after that! We look forward to meeting European developers and sysadmins to share your experiences!
Here's what happened in December of 2016.
oVirt 4.0.6 Release is now available
oVirt System Tests to the Rescue!—How to Run End-to-End oVirt Tests on Your Patch
CI Please Build—How to build your oVirt project on-demand
The Need for Speed—Coming Changes in oVirt's CI Standards
Еxtension of iptables Rules on oVirt 4.0 Hosts
KVM/Linux Nested Virtualization Support For ARM
Virtual Machines in Kubernetes? How and what makes sense?
ANNOUNCE: New libvirt project Go XML parser model
Using OVN with KVM and Libvirt
New libvirt project Go language bindings
CI tools testing lab: Making it do useful work
CI tools testing lab: Integrating Jenkins and adding Zuul UI
CI tools testing lab: Adding Zuul Merger
CI tools testing lab: Setting up Zuul Server
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The company will offer workshops to help customers assess what they need.
Windstream is targeting mid to large enterprise customers.