Avaya to go public? This is no rumour

Opinion

Avaya to go public? This is no rumour

The Wall Street Journal is this afternoon reporting that Avaya is to go public in a $1bn IPO as soon as next week.

The vendor was delisted in 2007 when it was acquired by venture capitalists TPG Capital and Silver Lake Partners, and it is thought that the offering could value it at $5bn.

Since then things have been going very well for the firm; it has revitalised its channel business and bought into the core network market with the acquisition of Nortel's enterprise business.

According to its 10-Q SEC filing, it made sales of $1.39bn in the three months to the end of March.

Given all this, it's no surprise that rumours about the company's financial future surface from time to time.

However, Network Noise thinks now is as good a time as any to reveal that at Avaya's Barcelona partner conference last November, one very well-placed source told us that the vendor absolutely would go public within the next year.

Next week may be optimistic, but we reckon things are definitely moving over at Avaya.

This was first published in June 2011

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