**Editor’s Note: Please click here for a recap of the biggest channel-impacting mergers in Q3 2014.**
“We’re moving on,” a spokeswoman told Channel Partners. “However, our management team remains open to conversation should they choose to reach out.”
ShoreTel has twice rejected Mitel’s unsolicited takeover bids, the highest of which would have totaled about $574 million. Both times, Mitel has expressed its disappointment with the situation. Mitel has said joining forces with ShoreTel would create a formidable player in the premises- and cloud-based business phone and UC systems market. ShoreTel has maintained its stance that the Mitel proposals far undervalue the company in light of its growth prospects.
Thus, a Mitel-ShoreTel pairing does not appear to be in the cards. However, that is not to say that Mitel is done pursuing other suppliers it thinks could complement its goals.
“Mitel has clearly stated that we intend to be a consolidator in the business communications market,” the spokeswoman said. “As part of our growth strategy, we have a proactive and ongoing M&A program with a dedicated organization that continually evaluates opportunities to strengthen and expand Mitel. We have successfully completed several mergers and acquisitions in the past 18 months and you’ll see more in the future.”
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December 14 2018 @ 18:50:05 UTC