Menu
Mitel drops ShoreTel bid

Mitel drops ShoreTel bid

ShoreTel customers don't have to worry about what Mitel would have done with the gear they've already bought.

Customers of ShoreTel phones and unified communications gear can stop worrying that their lives might get complicated by a merger between the company and its rival Mitel.

Mitel has taken a $US575 million offer for ShoreTel off the table stating the refusal of ShoreTel's board to talk about the offer.

+ More on Network World: 5 top-paying IT jobs for every stage of tech careers +

"The decision to terminate the proposal early was made in light of the repeated refusal of ShoreTel's Board of Directors to engage in discussions of any kind regarding a potential transaction," Mitel says in a press release. The offer represented more than 24% more than what ShoreTel's stock was worth.

If the offer had been accepted, Mitel would have become a formidable force in unified communications, says Jeremy Duke, CEO of Synergy Research Group. If the market for on-premises UC is combined with UC as a service, Cisco is No. 1 with 28.7%, Avaya is 2  with 13.8%, ShoreTel is 3 with 8.7% and Mitel is No. 4 with 7.1%. Post-merger, Mitel/ShoreTel would bump Avaya to No. 3.

The deal would also have improved Mitel's share of the U.S. market. It would have paralleled the company's acquisition of Aastra in January that put it at No. 1 in Western Europe, which also made Mitel a billion-dollar company.

Customers would have had to ponder what would happen to the companies' respective product lines after a purchase and whether gear they had bought would be discontinued.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags unified communicationsNetworkingvoiptelecommunicationAvayaShoretelSynergy

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments