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Celebrating 20-Years of Excellent Customer Service
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Communication Industry News |
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Mitel and Inter-Tel Announce Completion of Merger
OTTAWA, Ontario, Canada and TEMPE, AZ, USA – August 16, 2007 – Mitel Networks Corporation and Inter-Tel (Delaware), Incorporated (NASDAQ: INTL) today announced the completion of their merger. As a result of the merger, Inter-Tel is now a wholly-owned subsidiary of Mitel® and Inter-Tel stockholders will receive $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 now be #1 in the North American SMB market1, #2 in the Western European IP lines shipped2, the overall leader in the U.K. communications market3 and continues to grow its operations globally. With three trusted brands (Mitel, Inter-Tel and Lake), the company offers customers a broad choice of solutions 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. “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.” 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.” Don Smith concluded. “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.” ECS’s view on the merger ECS is very proud to be one of the few legacy Inter-tel and Mitel dealers in the United States, having carried both product lines for more than 16 years. With this merger we have been able to streamline our product offerings for our customers and remain one of the few, fully trained and certified cross-functional Mitel dealers in the United States. The expertise that both Inter-Tel and Mitel exhibited for decades on their own has grown even stronger through the recent merger. The greatest aspects of both companies have married into one of the strongest telephony companies in the world. Legacy products of both companies will continue to be offered and supported while the new Mitel expands on the already robust product line. Please follow the desired link below to learn more about the Inter-Tel and Mitel merger and other industry related news and information. |
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