Mitel To Buy ShoreTel

Mitel just announced that they signed a definitive agreement to purchase all of ShoreTel’s outstanding shares at a price of $7.50 per share, which values ShoreTel at an enterprise value of $430m in an all cash deal. To accomplish the acquisition, Mitel announced they...

PBX Market Continues to Shift

At the heart of every business phone system is the PBX – the centralized switch which integrates internal phone extensions with outside phone lines and allows calls to be set up, routed, and transferred.  For many years, PBXs were big physical machines.  At first they...