Mitel and Shore Tel has recently decided to merge together, Mitel will then acquire all of the outstanding shares of ShoreTel. They believe that they can be a stronger leader in a rapidly growing UCaaS (Unified Communications as a Service) market.
Mitel is growing by continuously investing further into the UCaaS market as digital transformation causes customer demand for coud-based solutions world wide to sky rocket. The combined merge will make the company Mitel #2 in the UCaaS market, making a supplier with the all the abilities needed to give customers new cloud-based solutions and applications.
Headquarters will be located in Ottawa, Canada and will continue to advance as Mitel. Rich McBee (Mitel's executive officer) will push the organization along with Steve Spooner (Mitel's Chief Financial Officer).
"This is a very natural combination that enables us to continue to consolidate the industry and take advantage of cost synergy opportunities while adding new technologies and significant cloud growth to our business," said Mitel CEO, Rich McBee. "Together, Mitel and ShoreTel will be able to take customers to the cloud faster with full-featured, cloud-based communications and applications."