Industry watchers have been on the edge of their collective seats over the last year, wondering how Avaya is going to resolve its financial troubles. On Thursday, Avaya ended the speculation by announcing that they would enter Chapter 11 bankruptcy.
Aspect’s successful bankruptcy last year is an obvious comparison, one that even CEO Kevin Kennedy made in his announcement. But another comparison that folks are throwing around is Nortel’s disastrous bankruptcy from 2008 that took over 7 years to resolve. Which model will Avaya follow? That’s the big question, and we’re grateful to have some big brains weigh in… Continue reading