~400+ million dollar deal just got cancelled. I'm afraid this is the straw thats going to break Avaya's back.
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I am sorry that some are unhappy here, but Avaya has been doing telephony on VMware for over 20 years. I also got laid off last month. But seriousluy, get a grip.
I do not want the company to go under and create more people like me. Does no one here have friends still employed there?
I've heard the same...client went back to RFP. Afterall, it's been over a year (24 mos) since they released the original RFP. Avaya hasn't begun, likely in breach of original award. Makes since to update the RFP than to simply let existing vendor to win business.
Back to RFP.
I trust Cisco or Genesys would be happy to inform us if the deal was canceled (Wells Fargo/Avaya).
Can anyone bat wells confirm the below?
It seems few have a handle on what this really means. A) It's true. Avaya can't deliver and they have yet to execute on the phased in contract so client can bail.
- WHY is this critical? Because this was the FIRST real reportable client who was willing to allow Avaya to experiment with it's Cloud offering and the only client of it's size willing to participate in the experimental journey. Without this,the entire cloud story is vapor. Without this, how can Avaya attract any new clients? Without this, how can Avaya journey existing clients to cloud? Avaya can marketing PR spin all they want, but their client mix does not equal what they claim in the market. And just because Avaya is claiming to be all coud, their clients don't reflect that
- Wells was to be a NET NEW logo. So they didn't lose an actual revenue customer. Yet they lost future, strategic revenue opportunity And they still don't have a Client #1 whom they can share they natively began as cloud. Not 1.
Mitel will take on Avaya since they are banking that premise based phone systems have a future…, but only at a fire 🔥 sale chapter 7 price
As stated before, no one (including Cisco) is looking to buy Avaya. They will just take your customers and potential deals. Just like this one. Companies have active "Avaya Gameplans". No one wants your company at all.
Maybe Cisco can buy Avaya now! That would be better than complete dissolution.
Inconsequential. Sure. Avaya 3.0, right? Good luck with that.
In the grand scheme, it is a bit inconsequential considering it would take years to realize that revenue, correct? Also, knowing the challenges as of late, I don't believe this would make a negative impact upon Avaya as it rebuilds toward a smarter, leaner more lean and mean organization. It is possibly (if confirmed) a speed bump. Yet not a detour.
I don’t think anyone knows for certain but it’s likely due to the Avaya financial situation, 1600 layoffs last week and then nothing being delivered at all from Avaya. The entire thing was vaporware.
Is this what caused the huge Q3 miss or is this recent news in Q4 separate from Q3?
Based on your $400mm reference, it looks like you're referring to the WF deal. Can you comment back to corroborate this? Are you still employed with Avaya and how did you come across this info?
https://twitter.com/LumenVox/status/1496684559185981441?s=20&t=5aG_yc4zt69S-WmS08qszg
This deal?
isnt this the one they claimed was just the first of many to come of similar size?
No surprise. Yet how do we know? Did Cisco take it back and report that? Or is this an internal report that Wells canceled?
I kindly tried to educate people that there was no way the Wells Fargo Banking deal that they "won" from Cisco was every going to become real revenue. And then when financials dropped they were likely in violation of contract rules. No one would listen. It was obvious to anyone who was willing to study it and observe the redirection game about its booking from Q4-Q2, and notably no mention of it during Q3 earnings report. THIS IS WHY TELECOM NEEDS REAL ANALYSTS. OBJECTIVE ANALYSTS, not just those who are paid a monthly stipend from Avaya to "claim" they are analysts, when in fact they are paid consultants to pretend to be analysts in the open market.
Financial
What industry?