Avaya Inc.
Industry: Business Telecommunications / VOIP

Avaya Inc., headquartered in Basking Ridge, N.J., is a leading global provider of voice & data networks as well as communications solutions & services that help businesses, govt. agencies & other institutions including more than 90 percent of the FORTUNE 500 (R) excel in the customer economy. Avaya offers Customer Relationship Management Solutions, Unified Communication Solutions, Service Provider Solutions, MultiService Networking infrastructure & Converged Voice & Data Networks including the company's no-compromise Avaya Enterprise-Class IP Solutions (ECLIPS) all supported by Avaya Services & Avaya Labs. Avaya is the worldwide leader in unified messaging, messaging systems, call centers & structured cabling systems. It is the U.S. leader in voice communications systems & services. Avaya is an official sponsor for the 2002 FIFA World Cup(TM), the FIFA Women's World Cup 2003 & the 2006 FIFA World Cup(TM) tournaments.

Business Summary
Avaya Inc. is a provider of communications systems, applications and services that help enterprises transform their businesses by redefining the way they work and interact with their customers, employees, business partners, suppliers and others. Its product offerings include Internet Protocol, or IP, telephony systems; appliances, such as telephone sets; multi-media contact center infrastructure and applications in support of customer relationship management; unified communications applications, and traditional voice communication systems. Avaya historically organized its business into four segments: enterprise communications group, small and medium business solutions, services and connectivity solutions. In February 2004, the Company sold the connectivity solutions business to CommScope, Inc. In November 2004, the company acquired Tenovis GmbH & Co. KG, a European provider of enterprise communications systems and services, from affiliates of Kohlberg Kravis Roberts & Co.

Financial Summary
Avaya Inc. is a provider of communications systems, applications and services for enterprises, including businesses, government agencies and other organizations. For the 9 months ended 6/30/05, revenues rose 20% to $3.61B. Net income from continuing operations rose 38% to $263M. Revenues reflect acquisitions of Tenovis and majority interest in AGC. Net income also reflects improved gross margin on products due to a change in product mix.