Skip to main content

Market Overview

Avaya Rallies Following Deal With RingCentral


Avaya Holdings Corp. (NYSE: AVYA) shares are trading higher after the company announced a partnership with RingCentral, Inc. (NYSE: RNG), an enterprise cloud communications contact center.

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.


Related Articles (RNG + AVYA)

View Comments and Join the Discussion!

Posted-In: News Contracts

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at