Category Archives: Acquisitions & Mergers

Maintel acquires Proximity Communications

PRESS RELEASE: Maintel Holdings Plc, the telecoms and data managed services company, today announced the acquisition of Proximity Communications Limited and its subsidiary Achilles Professional Services Limited in a £9.6 million net cash deal. The acquisition is a key component of Maintel’s strategy to diversify its revenue base and significantly increase its skills and presence in new products and services. Continue reading Maintel acquires Proximity Communications

ShoreTel Board of Directors Unanimously Rejects Mitel’s Unsolicited Proposal

PRESS RELEASE: ShoreTel® (NASDAQ: SHOR) (the “Company”), the leading provider of brilliantly simple phone systems and unified communications solutions, today announced that its Board of Directors (the “Board”), after careful consideration with the assistance of its independent financial and legal advisors, has unanimously decided to reject the unsolicited proposal from Mitel Networks Corporation (NASDAQ: MITL) (“Mitel”) to acquire all outstanding common shares of ShoreTel at a price of $8.10 per share in cash. Continue reading ShoreTel Board of Directors Unanimously Rejects Mitel’s Unsolicited Proposal

B2X Secures $15M, Makes First Acquisition in India

PRESS RELEASE: B2X Care Solutions , the leading provider of customer care solutions for smartphones, announced today that is has raised $15 Million in Series B funding and has acquired majority share in, The Service Solutions (TSS) in India. TSS is a technology enabled services company, currently one of the Apple Authorized Service Providers in India and provides managed care services to smartphone manufacturers across the world. Continue reading B2X Secures $15M, Makes First Acquisition in India

Pegasystems Acquires Turkish Partner, Ultima Information Technology

PRESS RELEASE: Pegasystems Inc. (NASDAQ: PEGA), the software company powering the digital enterprise, today announced it has entered into a definitive agreement to acquire its partner in Turkey, Ultima IT. The transaction is expected to close by the end of the fourth quarter. Terms of the deal have not been disclosed. Continue reading Pegasystems Acquires Turkish Partner, Ultima Information Technology