https://www.theregister.co.uk/2019/10/04/avaya_grabs_500m_investment_from_ringcentral_to_pay_down_whopping_debts/

Beleaguered telecoms maker Avaya has formed a partnership with relative minnow RingCentral whereby it will become the exclusive supplier of the latter's unified-comms-as-a-service (UCaaS) and get a chunk of investment.

A tie or joint venture between Avaya and the videoconferencing outfit was mooted last month. Avaya had been locked in negotiations with Mitel Network parent Searchlight Capital about a potential reserve takeover.