Feeds

IPO-leery Avaya was hot to flog self to Oracle, but talks 'fizzled' – report

Larry Ellison and Co sizing up network node's books - reports

Internet Security Threat Report 2014

Avaya's owners tried to sell the networking and telecoms provider to Oracle rather than take it public, according to reports.

Reuters says that Larry Ellison's biz behemoth held talks with Avaya's private investors in the first half of 2013, but talks "fizzled" in the last few months.

Oracle and Avaya both refused to comment.

Avaya was taken private by Silver Lake and TPG Capital in 2007 for $8.4bn, the largest leverage buyout for a computer-networking company.

It was the last big LBO before the economy went south after the credit and housing bubbles in 2008. The company filed for an IPO in 2011 but didn't follow through.

A deal with Oracle would significantly expand Oracle's hardware and networking businesses: Avaya's lines span from handsets to call-center VoIP systems, making the hardware and providing integrated communications through its services operation.

Oracle moved into hardware with its 2009 purchase of Sun Microsystems, giving it not just Java software but Sun's Sparc server business.

In Oracle's latest quarter, sales of hardware systems were down year-on-year by 14 per cent, to $669m.

Avaya is a loss-maker, reporting a net loss of $110m in Q4 2013, down from $166m in the corresponding FY2012 quarter, on revenues that fell eight per cent to $1.15bn. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.