Alcatel-Lucent is to offload its Genesys business to a company owned by private equity house Permira for €1.1 billion.
The France-based vendor said it was retaining its Enterprise division, which has been on the block since July.
In a statement, A-L said it had received a binding, all-cash offer for Genesys, which provides customer service software and contact center solutions for enterprises.
In 2010, Genesys reported sales of €362 million.
The deal, which is subject to clearance by the US Committee on Foreign Investment, would include the transfer of the approximately 1,800 employees worldwide, the management team and the existing business structure.
“We have now positively concluded our evaluation of strategic options for both our Enterprise and Genesys businesses,” said A-L CEO Ben Verwaayen.
“With Enterprise, we have reached the conclusion that retaining it and strengthening it further serves Alcatel-Lucent and our customers best. Our chosen direction is to leverage the natural connections that exist between enterprise and carrier customers, and proactively apply Enterprise’s strengths and momentum in unified communications and data networking with them,” he added.
Genesys and Enterprise would continue to enjoy a strong commercial relationship, with a joint development agreement and the two businesses continuing to have access to each other’s product portfolios.