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In October 2011, Alcatel-Lucent sold its Genesys call-centre services business unit to Permira, a private equity group, for $1.5 billion—the same amount that Lucent had paid for the business in 2000. Alcatel-Lucent needed funding for the Franco-American business, which made annual losses from 2007 to 2011. [17]
The company completed its initial public offering (IPO) in June 1997 and was listed on the NASDAQ stock exchange under the ticker symbol GCTI. In late 1999, Alcatel-Lucent (then Alcatel) acquired Genesys for $1.5 billion. [6] In October 2007, Paul Segre succeeded Wes Hayden as Genesys's chief executive officer (CEO). [7]
In 2002 Lucent re-purchased the plant from Celestica. Shortly in 2003, with 1,470 employees in R&D mostly left, Lucent decided to sell the plant. Merger in 2006 with Alcatel-Lucent. In October 2007, Alcatel-Lucent to cease productions and release 230 positions. [92] Alcatel-Lucent in 2009, had 700 employees in non-manufacturing activities. [93]
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Lucent subsequently spun off units of its own in an attempt to restructure its struggling operations. [8] Avaya Inc. was spun off from Lucent as its own company in 2000 (Lucent merged with Alcatel SA in 2006, becoming Alcatel-Lucent, which was purchased in turn by Nokia in 2016). Avaya Inc. were listed on the NYSE using the symbol AV from 2000 ...
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Alcatel-Lucent retained a 15% stake. [5] ALE International continued to use the Alcatel-Lucent brand name, now licensed from Nokia, which purchased Alcatel-Lucent in 2015. [6] [7] In 2016, Alcatel-Lucent was merged into Nokia Networks, while Alcatel-Lucent Enterprise continued as a separate company. [8] [9]