|
Mitel Completes Inter-Tel Merger |
|
|
|
Written by Adam Gosling
|
|
Friday, 17 August 2007 |
Mitel Networks and
Inter-Tel Incorporated have completed their merger forming a
company that will rate as the largest SMB IP PBX provider in the US and second largest in Western
Europe.
The merged entity will also be the marketshare leader in the U.K.
communications market according to company statements.
As a result of the merger, Inter-Tel is now a
wholly-owned subsidiary of Mitel and Inter-Tel stockholders will receive
US$25.60 in cash for each Inter-Tel share they held prior to the
closing.
"We are
delighted to complete our merger with Inter-Tel," said Don Smith, CEO of
Mitel.
"Inter-Tel's people, products, managed services and
partnerships complement those at Mitel and will enable us to accelerate our
growth strategy by extending our small/medium business (SMB) leadership
position and continuing our expansion into the large business
sector."
The company
will offer three different brands - Mitel, Inter-Tel and Lake. Solutions will range from the "very small to the very
large, from IP enabled to pure IP unified communications, from standard
solutions to tailored, from single site to multi-site and from outright capital
purchase options through sophisticated managed services", promises the company.
"We are
extremely pleased to complete this transaction today, which we believe is in
the best interests of Inter-Tel stockholders," said Norman Stout, CEO of
Inter-Tel.
"Our new company will be a formidable industry player in the
U.S. and across the globe, and as part of the Mitel team, we look forward to
continuing to provide exceptional products and services to our mutually
expanded customer base," he said.
Mitel will
maintain Inter-Tel's Arizona headquarters, which will become the center
of operations for the combined U.S. business and serve as an important center
of R&D excellence.
"We have
common entrepreneurial roots, a shared vision and the breadth of solutions and
technology to address the diverse needs of the rapidly changing communications
market." said Mitel's Smith.
"As we come together we will deliver
innovative solutions and managed services for our existing customers and
channel partners, so that no one is stranded or forced to consider an alternate
vendor. We intend to be the logical choice for both existing and new
customers."
www.mitel.com
Related news items Newer news items
Older news items
|
|
|
|
