M&A Deal Summary

ShoreTel Acquires Corvisa

On December 21, 2015, ShoreTel acquired internet software and services company Corvisa from Novation Companies for 9M USD

Acquisition Highlights
  • This is ShoreTel’s 1st transaction in the Internet Software and Services sector.
  • This is ShoreTel’s 3rd largest (disclosed) transaction.
  • This is ShoreTel’s 3rd transaction in the United States.
  • This is ShoreTel’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2015-12-21
Target Corvisa
Sector Internet Software and Services
Buyer(s) ShoreTel
Sellers(s) Novation Companies
Deal Type Divestiture
Deal Value 9M USD

Target

Corvisa

Milwaukee, Wisconsin, United States
Corvisa LLC is a provider of cloud-based communications solutions.

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Buyer(S) 1

Buyer

ShoreTel

Sunnyvale, California, United States
Category Company
Founded 1996
Sector Technology Hardware
Employees1,063
Revenue 360M USD (2016)
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-23 M5 Networks

New York, New York, United States

M5 Networks, Inc., together with its subsidiaries, provides voice and data communications to business clients primarily in the New York City and Chicago regions. The company offers hosted broadband Voice-Over Internet Protocol phone systems to provide outsourced Private Branch Exchange telecommunications to its clients.

Buy $146M

Seller(S) 1

SELLER

Novation Companies

Kansas City, Missouri, United States
Category Company
Founded 1996
Sector Internet Software and Services
Employees1,025
Revenue 51M USD (2020)
DESCRIPTION

Novation Companies owns and operates early-stage businesses in the technology-enabled services industry. Novation Companies was founded in 1996 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-16 StreetLinks

Indianapolis,, Indiana, United States

StreetLinks LLC offers appraisal and valuation solutions for the mortgage industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-21 Healthcare Staffing

Atlanta, Georgia, United States

Healthcare Staffing, Inc. is a provider of outsourced healthcare workers. HCS provides a full line of human resources and staffing outsourcing services and has strong relationships with healthcare providers. Healthcare Staffing, Inc. was established in 1995 and is based in Atlanta, Georgia.

Buy -
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