Friday, October 04, 2019 9:54:47 AM
The partnership will introduce "Avaya Cloud Office by RingCentral," which is a communications as a service (UCaaS) solution.
“Avaya and RingCentral’s joint investment and commitment to bringing Avaya Cloud Office to market creates an unprecedented opportunity to accelerate the transition to the cloud with attractive economics for our customers and partners,” said Jim Chirico, CEO of Avaya.
“This also gives us the opportunity to unlock value from a largely unmonetized base of our business as it brings compelling value to our customers and partners. We believe this highly complementary partnership is a game changer that expands the total addressable market for Avaya and creates meaningful value for both Avaya and RingCentral.”
Avaya shares were trading up 16.7% at $11.81 in Friday’s pre-market session. The stock has a 52-week high of $22.35 and a 52-week low of $9.72.
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
New York Yankees and Duke Basketball
Recent RNG News
- RingCentral Expands Platform Leadership with RingSense AI APIs and Workflow Builder • Business Wire • 04/30/2024 03:00:00 PM
- RingCentral Announces Date of First Quarter 2024 Financial Results Conference Call • Business Wire • 04/17/2024 08:05:00 PM
- RingCentral Named an Official Enterprise Cloud Communications Partner of the San Francisco Giants • Business Wire • 04/11/2024 12:00:00 PM
- Brightspeed Launches Brightspeed Voice+ with RingCentral for Enterprise Customers • Business Wire • 04/02/2024 12:00:00 PM
- RingCentral Expands Global Footprint and Drives Adoption Momentum of RingCX, AI-Powered Contact Center • Business Wire • 03/26/2024 12:00:00 PM
- RingCentral Reimagines the Business Phone System with Real-Time AI • Business Wire • 03/25/2024 12:00:00 PM
- Optus, One of the Largest Wireless Carriers in Australia, Selects RingCentral to Power Cloud Communications for Australian Businesses • Business Wire • 03/12/2024 12:35:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/07/2024 08:43:04 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 03/04/2024 09:00:51 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:23:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:16:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 09:09:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:05:09 PM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 02/28/2024 10:19:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 09:05:17 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/23/2024 09:27:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:05:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:05:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:00:29 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:00:28 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/22/2024 10:26:11 PM
- RingCentral to Present at Upcoming Investor Conferences • Business Wire • 02/22/2024 09:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 10:15:28 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 10:15:24 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 09:01:55 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM