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Carter Ledyard & Milburn LLP
CARTER LEDYARD & MILBURN LLP ASSISTS SPECTEL IN SALE TO AVAYA
NEW YORK, August 3, 2004 – Carter Ledyard & Milburn LLP announced that it had represented Spectel, a leading provider of audio conferencing solution, in connection with its sale to Avaya Inc., (NYSE:AV), a leading global provider of business communications software, systems and services, for approximately $103 million in cash. The transaction is expected to close within 60 days and is subject to regulatory approval, Irish laws and customary closing conditions.
The Carter Ledyard & Milburn legal team for the transaction included corporate partners James Abbott and Alan Bernstein and associates Jennifer Palmer and Carey Williams.
Avaya Inc. designs, builds and manages communications networks for more than 1 million businesses worldwide, including over 90 percent of the FORTUNE 500®. Focused on businesses large to small, Avaya is a world leader in secure and reliable Internet Protocol (IP) telephony systems and communications software applications and services.
Driving the convergence of voice and data communications with business applications - and distinguished by comprehensive worldwide services - Avaya helps customers leverage existing and new networks to achieve superior business results. For more information visit the Avaya website: www.avaya.com.
Spectel is the market-leading provider of integrated conferencing solutions for conferencing service providers and enterprises worldwide. The company's award-winning voice and web conferencing platforms, applications and professional services facilitate real-time communication among business users. Spectel’s customer base includes leading global conferencing service providers and Fortune 500® companies. These customers have selected Spectel for its commitment to quality, innovation, reliability, and usability. Investors in the company include Investcorp.
Spectel has offices in Dublin, Ireland, Andover, Massachusetts and other strategic locations. For more information, please visit the Spectel website: www.spectel.com
Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.
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