News Digest

18 December 2017
Avaya to invest more in India, eyes acquisitions

Communications solutions provider Avaya, which is looking to hold its initial public sale of shares next week, is strategising to beef up investments in its operations globally, including in India, according to a top executive of the company. Avaya''s US and global operations had undergone financial restructuring following bankruptcy due to high debt last year. Laurent Philonenko, the global chief technology officer for Avaya, declined to share information on this but said the company will scout for acquisitions to boost its innovations division and also look to invest in R&D and marketing. "After our bankruptcy, we are now changing wholly as a company and will now be more nimble, aggressive and act as a startup to grow our business," Philonenko told ET. India remains one of Avaya''s key R&D centres. With an employee strength of over 2,000, the company has filed 165 patents from the country.

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