SEARCHED FOR: Chapter 11

US-based communication technology firm Avaya which is looking to find a viable path to exit Chapter 11 said that its First Amended Plan Support Agreement dated August 6, 2017  has been executed.

Company informed that it has entered into a plan support agreement (PSA) with holders of over 50% of its first lien debt including certain members of the ad hoc group of first lien creditors. The first lien debt holders receive payment before all other debt holders, and have the legal right to seize property from a borrower

In the ongoing GITEX 2018 technology conference in Dubai, American communication technology firm Avaya Holding Corp presented a voice solution that integrates AI and biometrics.

Avaya announced that it plans to report results for the first quarter of fiscal 2018 ending December 31, 2017 on Thursday, March 1, 2018.

The incumbent, Kevin Kennedy, will retire as CEO and a member of the Board of Directors but will remain as an advisor to the company. Chirico will join the Board, said Avaya.

The divestiture of the EUC and Carbon Black units is seen as a step to shed non-core assets, allowing for a more focused investment and development in areas deemed strategic to VMware's future growth and alignment with Broadcom's long-term goals​​.

Ashish Devalekar has been appointed as the Head of Europe, while Anurag Bhatia, will take over the role of leading the Mphasis's Global Business Process Services (BPS) division.

Under Nadella's stewardship, Microsoft experienced a resurgence marked by remarkable sales growth, strategic acquisitions like GitHub and LinkedIn, and a renewed emphasis on innovation and collaboration.

With over 25 years of experience in sales, marketing, and general management, Hariharan previously served as an Independent Director at Redington.