Category Archives: Acquisitions & Mergers

ShoreTel’s Board of Directors Unanimously Rejects Mitel’s Revised 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 revised, unsolicited proposal from Mitel Networks Corporation (NASDAQ: MITL) (“Mitel”). Continue reading ShoreTel’s Board of Directors Unanimously Rejects Mitel’s Revised Unsolicited Proposal

[24]7 Makes Strategic Acquisition of IntelliResponse to Complete the Suite of Self-Service and Assisted Service Offerings for Customer Engagement

PRESS RELEASE: [24]7 announced the strategic acquisition of IntelliResponse, a provider of digital self-service technology solutions for the enterprise. IntelliResponse is the industry leader in virtual agent and self-service technology and has 160 customers and over 450 global deployments in financial services, telecommunications and utilities. [24]7’s all cash acquisition of IntelliResponse creates a company with the most diverse and comprehensive suite of customer service solutions in the industry. Continue reading [24]7 Makes Strategic Acquisition of IntelliResponse to Complete the Suite of Self-Service and Assisted Service Offerings for Customer Engagement

ShoreTel Confirms Receipt of Revised Unsolicited Proposal from Mitel

PRESS RELEASE: ShoreTel® (NASDAQ: SHOR) (the “Company”), the leading provider of brilliantly simple phone systems and unified communications solutions, today confirmed that it has received a revised, unsolicited proposal from Mitel Networks Corporation (NASDAQ: MITL) (“Mitel”) to acquire all outstanding common shares of ShoreTel for $8.50 per share, consisting of $8.10 per share in cash plus $0.40 per share in Mitel common stock. Continue reading ShoreTel Confirms Receipt of Revised Unsolicited Proposal from Mitel

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

Mitel Proposes to Acquire ShoreTel for $8.10 Per Share in Cash

PRESS RELEASE: Mitel® (Nasdaq:MITL) (TSX:MNW) today disclosed that it has made a proposal to the ShoreTel, Inc. (Nasdaq:SHOR) Board of Directors to acquire all of the outstanding shares of ShoreTel common stock for $8.10 per share in cash, representing a total equity value of approximately $540 million. This offer represents a 24% premium to ShoreTel’s closing stock price on October 17, 2014, and a 30% premium to ShoreTel’s enterprise value. Continue reading Mitel Proposes to Acquire ShoreTel for $8.10 Per Share in Cash

ShoreTel Confirms Receipt of Unsolicited Proposal From Mitel

PRESS RELEASE: ShoreTel® (NASDAQ: SHOR), the leading provider of brilliantly simple phone systems and unified communications solutions, today confirmed that it has received an unsolicited proposal from Mitel Networks Corporation (NASDAQ: MITL) (“Mitel”) to acquire all of the outstanding shares of the Company for $8.10 per share in cash (the “Proposal”). Continue reading ShoreTel Confirms Receipt of Unsolicited Proposal From Mitel