Avaya sets $1 billion public offering

According to the SEC filing, the company showed negative net income throughout the period since it was bought in 2007 by a combination of Silver Lake Partners and the Texas Pacific Group that paid $8.2 billion for the company.In its filing the company says it will continue development of contact center and voice communications products, invest in R&D, expand sales and distribution, go afterwards new markets and train staff and partners to sell new products and services. It mentions its Avaya Flare Experience videoconferencing/ unified communication platform as one of these new products.

Since it was bought in 2007, Avaya has been promoting its unified communications software as compatible with other vendors' gear and willingly adaptable for clients who want to start with basic communications features however expand to incorporate conferencing and collaboration via voice, video, instant messaging and data.