LONDON Avaya Inc. has completed its acquisition of Nortel Enterprise Solutions (NES) saving around 200 jobs in Northern Ireland.
In September Avaya said it would pay approximately $900 million and an additional $15 million in related costs to secure Nortel Inc.'s enterprise solutions in a bid to improve its competitive position against rival Cisco.
Approximately 6,000 NES employees have joined Avaya, including 25 managers and Joel Hackney, previously president, Nortel Enterprise Solutions, has joined the Avaya Executive Committee as senior vice president and president, Avaya Government Solutions and Data. Nortel Networks employs approximately 350 people in Monkstown, Northern Ireland and the acquisition will see approximately 40 percent of the Monkstown workforce transfer to Avaya with immediate effect.
“Working with Invest Northern Ireland, Nortel has worked to position the three core elements of its NI operations attractively to potential investors,” said Arlene Foster, Northern Ireland's Enterprise Minister.
“I understand that the remaining elements of Nortel’s business have successfully been auctioned to other major international telecommunications companies, and those deals are currently progressing through the necessary regulatory clearances. Invest NI is working to profile the strength of the company’s local capabilities to ensure the best possible outcome,” added Foster
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