Avaya Holdings Corp. (NYSE:AVYA) entered into a definitive agreement to acquire Intellisist, Inc. on January 29, 2018. Avaya Holdings Corp will finance the transaction from cash on hand. Post-acquisition, Rowe will lead the combined Spoken and Avaya cloud teams to foster innovative growth and cloud differentiation in the marketplace. Transaction is subject to customary closing conditions and is expected to close in the second quarter of fiscal 2018. As of March 2, 2018, the transaction is expected to close within next two months. Faegre Baker Daniels LLP acted as legal advisor of Avaya Holdings. Avaya Holdings Corp. (NYSE:AVYA) completed the acquisition of Intellisist, Inc. for approximately $180 million on March 9, 2018. As a part of the consideration, Avaya will pay $158 million in cash, $20 million in contingent consideration and settlement of Intellisist’s net payable to Avaya of $1 million. Upon the achievement of three specified performance targets ("Earn-outs"), Avaya may be required to pay up to $16 million of contingent consideration to Intellisist’s former owners and employees and up to $4 million in discretionary earn-out bonuses ("Earn-out Bonuses") to Intellisist’s employees. As a result of the transaction, Intellisist, Inc. becomes the wholly-owned subsidiary of Avaya Holdings Corp. (NYSE:AVYA).