Avaya Redoubles Commitment to Leading the Industry’s Digital Transformation with Strategic Moves Accelerating Innovation

Santa Clara, Calif. – May 31, 2018 – Avaya Holdings Corp. (NYSE:AVYA) today announced strategic moves that highlight its continued focus on innovation and accelerate its momentum in driving customer success. Avaya has formed a new Innovation Incubator led by Laurent Philonenko, SVP, Innovation. Chris McGugan, who recently re-joined Avaya, will assume Philonenko’s former role as SVP, Solutions and Technology.  McGugan’s deep domain knowledge of communication technologies coupled with his passion about delivering solutions that enhance business outcomes will benefit Avaya’s portfolio and go to market capabilities.

“Avaya’s transformation is rapidly progressing, solidifying the foundation for growth,” said Jim Chirico, Avaya’s president and CEO. “Our results consistently demonstrate that we maintain a best-in-class operating model, we continue to execute with speed, precision and accountability, and we seek to deliver industry leading capabilities that will dramatically improve the customer journey.  The Avaya Innovation Incubator enhances our position as a technology leader and ensures continued relevance of the solutions and offerings in our roadmap and skills to drive success for Avaya, our customers, partners and shareholders.”

The Avaya Innovation Incubator is chartered with creating new, disruptive solutions in the market, such as the recently announced Avaya Mobile Experience. The Incubator will focus on mobility, security and artificial intelligence in particular, drawing on input from customers, partners, internal development and a future planned ecosystem to foster promising start-ups and entrepreneurs.

About Avaya
Avaya is a global leader in digital communications software, services and devices for businesses of all sizes. Our open, intelligent and customizable solutions for contact centers and unified communications offer the flexibility of Cloud, on-premises and hybrid deployments. Avaya shapes intelligent connections and creates seamless communication experiences for our customers, and their customers. Our professional planning, support and management services teams help optimize solutions, for highly reliable and efficient deployments. Avaya Holdings Corp. is traded on the NYSE under the ticker AVYA. For more information, please visit www.avaya.com

Cautionary Note Regarding Forward-Looking Statements
This document contains certain “forward-looking statements.” All statements other than statements of historical fact are “forward-looking” statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," “our vision,” "plan," "potential," "preliminary," "predict," "should," "will," or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, expected cash savings and statements about growth, exchange listing and improved operational metrics. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. The factors are discussed in the Company’s Registration Statement on Form 10 filed with the Securities and Exchange Commission, may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Company’s filings with the SEC that are available at www.sec.gov. The Company cautions you that the list of important factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, considering these risks and uncertainties, the matters referred to in the forward-looking statements contained in this report may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

Source: Avaya Newsroom

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