Menu
​Mitel cracks tough enterprise communications nut with $US1.9 billion Polycom acquisition

​Mitel cracks tough enterprise communications nut with $US1.9 billion Polycom acquisition

Communications providers unite in fight for relevance in changing enterprise world.

Richard McBee - CEO, Mitel

Richard McBee - CEO, Mitel

Communications provider Mitel will acquire videoconferencing vendor Polycom in a deal valued at approximately $US1.96 billion, as both companies fight for relevance in the changing enterprise world.

Terms of the deal, revealed overnight, will see the combined company headquartered in Ottawa, Canada, operating under the Mitel name while maintaining Polycom's individual global brand.

Following the completion of the acquisition, Mitel CEO Richard McBee will lead the combined organisation, while Mitel CFO Steve Spooner will also continue in that role.

On the closing of the proposed transaction, it is expected that Polycom directors will assume two seats on the Mitel board and once merged, the combined company will have a global workforce of approximately 7,700 employees.

“Mitel has a simple vision - to provide seamless communications and collaboration to customers,” McBee said.

“To bring that vision to life we are methodically putting the puzzle pieces in place to provide a seamless customer experience across any device and any environment.

“Polycom is one of the most respected brands in the world and is synonymous with the high quality and innovative conference and video capabilities that are now the norm of everyday collaboration.

“Together with industry-leading voice communications from Mitel, the combined company will have the talent and technology needed to truly deliver integrated solutions to businesses and service providers across enterprise, mobile and cloud environments.”

McBee said the communications and collaboration industry is undergoing a period of “intense change” that is rapidly redrawing the competitive landscape and breaking down barriers between previously discrete markets and technology domains.

For McBee, the combination of Mitel and Polycom will create a “new industry leader”.

“Together, Polycom and Mitel expect to drive meaningful value for our shareholders, customers, partners and employees around the world,” Polycom CEO and President Peter Leav said.

“We look forward to working closely with the Mitel team to ensure a smooth transition and continued innovation to bring the workplace of the future to our customers.”

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags polycommitel

Featured

Slideshows

Educating from the epicentre - Why distributors are the pulse checkers of the channel

Educating from the epicentre - Why distributors are the pulse checkers of the channel

​As the channel changes and industry voices deepen, the need for clarity and insight heightens. Market misconceptions talk of an “under pressure” distribution space, with competitors in that fateful “race for relevance” across New Zealand. Amidst the cliched assumptions however, distribution is once again showing its strength, as a force to be listened to, rather than questioned. Traditionally, the role was born out of a need for vendors and resellers to find one another, acting as a bridge between the testing lab and the marketplace. Yet despite new technologies and business approaches shaking the channel to its very core, distributors remain tied to the epicentre - providing the voice of reason amidst a seismic industry shift. In looking across both sides of the vendor and partner fences, the middle concept of the three-tier chain remains centrally placed to understand the metrics of two differing worlds, as the continual pulse checkers of the local channel. This exclusive Reseller News Roundtable, in association with Dicker Data and rhipe, examined the pivotal role of distribution in understanding the health of the channel, educating from the epicentre as the market transforms at a rapid rate.

Educating from the epicentre - Why distributors are the pulse checkers of the channel
Kiwi channel reunites as After Hours kicks off 2017

Kiwi channel reunites as After Hours kicks off 2017

After Hours made a welcome return to the channel social calendar last night, with a bumper crowd of distributors, vendors and resellers descending on The Jefferson in Auckland to kickstart 2017. Photos by Maria Stefina.

Kiwi channel reunites as After Hours kicks off 2017
Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow Electronics introduced Tenable Network Security to local resellers in Sydney last week, officially launching the distributor's latest security partnership across Australia and New Zealand. Representing the first direct distribution agreement locally for Tenable specifically, the deal sees Arrow deliver security solutions directly to mid-market and enterprise channel partners on both sides of the Tasman.

Arrow exclusively introduces Tenable Network Security to A/NZ channel
Show Comments