#16: Avaya Partners ‘Not Wholly Optimistic’
We published a series of articles on Avaya, the cloud and collaboration solutions provider, when it came to light this summer that it was once again in big financial trouble. In fact, by late in the year, the company’s stock price had fallen to just 15 cents, spurring talk of a second bankruptcy in five years.
But it was our story on partner reaction to Avaya’s struggles that got the most eyeballs this year.
Eric Asquino, president of Los Angeles-based ACS Cloud Partners, told us he didn’t have much confidence in Avaya going forward. He said the financial troubles were “another sign they don’t have the product set or ability to compete with the increasingly crowded field of larger well-funded cloud-based UCaaS providers.”
On the bright side, Avaya this year installed former Vonage CEO Alan Masarek as chief executive in an effort to turn the company around.
Read more about this ongoing story.
