Avaya is a privately owned telecommunication giant with a global reach, servicing small to large businesses. This spinoff from Lucent Technologies has a reputable legacy and over $9 billion in total assets. The headquarters can be found in Basking Ridge, New Jersey. The company employees over 19,000 people worldwide.
While this industry leader may be privately owned today, in 2000 when the company split from Lucent Enterprises, their shares debuted at $20. In 2007 two private firms bought the young telecommunications company for a mere $8.2 billion. Upon the acquisition, each share was bought for $17. This turned it into a privately owned company.
The current CEO and President, Kevin Kennedy, has been in charge since the beginning of 2009. In 2010 he became a part of the President’s National Security Telecommunications Advisory Committee thanks to an appointment by President Barack Obama. The company has prospered in part because of Kennedy’s leadership skills and experience.
There are a wide array of desktop devices, gateways, servers, and applications supporting business needs while fitting within a budget. By acquiring and then selling smaller businesses, Avaya has ensured a compilation of unique technologies and experiences that have helped grow the company. In the process this technique has increased the value of this telecommunication global leader.
Becoming a leader in any industry takes a special touch coupled with experience and knowledge. With offices in many different countries, they have secured their place as being a global leader, capable of providing a better solution for any sized business by offering high quality, cost effective telecommunication products and services.