Mitel calls Inter-Tel to boost its size

Mitel said it agreed to buy Inter-Tel for $US732 million

IP communications company, Mitel Networks, plans to acquire Inter-Tel for $US732 million.

While Mitel served business customers of all sizes, the deal would create a company better positioned to target the growing demand for Internet Protocol (IP) communications products in the small and medium-size business sector, the companies said.

The move means that Mitel would shelve its initial public offering (IPO) because the combination would help it achieve the next step in its growth plans, Mitel said.

The combined private company will support the Mitel and Inter-Tel brands and should bring in about $US800 million in annual revenue, twice that of the current Mitel.

Mitel designs, markets and sells a range of communications products including PBX systems, IP integrated communications products, network management software and telephones. Inter-Tel sells an array of similar products, also to large, medium-size and small businesses, including VoIP platforms, managed communications services and converged IP PBX products.

The boards of both companies have approved the deal, but Inter-Tel stockholders and regulatory groups must also approve it. The companies expect the transaction to close in the third quarter.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Nancy Gohring

IDG News Service
Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Compare & Save

Deals powered by WhistleOut
WhistleOut

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?