On October 3, 2019, RingCentral, a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, announced that it will enter into a strategic partnership with Avaya, a global leader in solutions to enhance and simplify communications and collaboration, making RingCentral the exclusive provider of Unified Communications as a Service (UCaaS) solutions to Avaya. With the strategic partnership, RingCentral and Avaya will introduce “Avaya Cloud Office by RingCentral." The deal provides RingCentral access to Avaya's more than 100 million installed base and 4,700 channel partners. Wilson Sonsini Goodrich & Rosati is representing RingCentral in connection with the transaction.

As part of the strategic partnership, the two companies will contribute resources to the development and sales and marketing of “Avaya Cloud Office by RingCentral," with RingCentral planning to pay Avaya a $375 million advance, predominantly for future commissions, as well as certain licensing rights, which will be paid primarily in stock. Further, RingCentral will purchase $125 million aggregate principal amount of convertible and redeemable preferred stock of Avaya, which represents an approximate 6 percent stake in Avaya, on an as-converted basis.

The WSGR team representing RingCentral in the transaction includes:

Corporate and M&A
Jeff Saper
Rob Ishii
Mark Baudler
Rich Mullen
Lillian Jenks
Dennise Martinez
Erin Malone-Shkurkin​

Technology Transactions
John McGaraghan
Marius Domokos
Barath Chari
Kelly Camp

Corporate Finance
Dana Hall
Sean Zoltek

Tax
Myra Sutanto Shen
Tim Shapiro

Antitrust
Scott Sher
Jamillia Ferris
Paul McGeown
Chris Williams
Thomas Pflock

Employee Benefits & Compensation
Dave Thomas
Brandon Gantus
Marta Porwit

Data and Privacy
Matt Staples
Daniel Chen

For more information, see RingCentral's press release.