M&A Deal Summary

Mitel Acquires ShoreTel

On July 27, 2017, Mitel acquired technology hardware company ShoreTel for 430M USD

Acquisition Highlights
  • This is Mitel’s 2nd transaction in the Technology Hardware sector.
  • This is Mitel’s 3rd largest (disclosed) transaction.
  • This is Mitel’s 3rd transaction in the United States.
  • This is Mitel’s 1st transaction in California.

M&A Deal Summary
Date 2017-07-27
Target ShoreTel
Sector Technology Hardware
Buyer(s) Mitel
Deal Type Add-on Acquisition
Deal Value 430M USD
Advisor(s) J.P. Morgan Securities (Financial)
Fenwick & West (Legal)

Target

ShoreTel

Sunnyvale, California, United States
ShoreTel, Inc. is a provider of an Internet protocol (IP) unified communications (UC) systems for enterprises in the United States and internationally. The company’s systems are based on its distributed software architecture and switch-based hardware platform that enable multi-site enterprises to be served by a single telecommunications system.

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Buyer(S) 1

Buyer

Mitel

Ottawa, Ontario, Canada
Category Company
Founded 1973
Sector Communications
Revenue 1.1B USD (2017)
DESCRIPTION

Mitel is a telecommunications company providing voice and unified communications services, with market-leading positions in unified communications-as-a-service (“UCaaS”) and customer-owned solutions. Mitel was founded in 1973 and is based in Ottawa, Ontario.

DEAL STATS #
Overall 6 of 7
Sector (Technology Hardware) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (California) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Mitel Mobility

United States

Mitel Mobility is a provider of software-based networking solutions that enable mobile service providers to deliver next generation services over 4G LTE networks. Mitel Mobility has a fully virtualized end to end portfolio of Voice/Video, Messaging and Mobile Core products that include IP Multimedia Subsystem (IMS), Evolved Packet Core (EPC) and Session Border Controller (SBC).

Sell $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Telepo

Stockholm, Sweden

Telepo is a cloud software provider offering Unified Communications-as-a-Service (UCaaS) and Fixed Mobile Convergence (FMC) solutions to Service Providers throughout Europe, Asia, and Africa. Telepo was founded in 2004 and is based in Stockholm, Sweden.

Sell -
Mergr

Product

Company

Legal