Chapter 11 - News Updates
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.
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.
NASA, SpaceX: First made in America crew spacecraft is on the way to the International Space Station
After years of hard work, NASA along with SpacX headed by tech-icon Elon Musk have sent a first commercially-built and operated American crew spacecraft and rocket to the International Space Station.
Cybersecurity firm Sophos has appointed Gavin Struthers as its regional vice president for Asia Pacific and Japan.
Software consultancy firm ThoughtWorks organised India chapter of ThoughtWorks Live 2018 in Bengaluru with a theme of being AI-Guided Digital Business.
My lessons from having the honor to lead Windows are many, but three really shine through to me today writes Terry Myerson