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ShoreTel

Full company profile

uuid003c7f4

Namestring
ShoreTel
Websiteurl
shoretel.com
Company typeenum
Private
Founded yearint
1996
Descriptiontext

ShoreTel was a Sunnyvale, California-based provider of Internet protocol (IP) communications systems for enterprises, founded in 1996. The company developed and sold unified communications (UC) solutions — including IP-PBX systems, contact center platforms, and collaboration software — primarily targeting mid-market and enterprise customers. Its core product portfolio included the ShoreTel UC platform, ShoreTel Connect (cloud), and ShoreTel Contact Center, distributed largely through a channel partner model supplemented by direct enterprise sales. The company raised approximately $54.5M in venture funding across rounds from 2001 to 2004, completed an IPO on NASDAQ under ticker SHOR, and executed a series of acquisitions between 2010 and 2016 (Agito Networks, M5 Networks, M5 Networks Australia, CorvisaCloud) to expand into mobility, cloud UC, and cloud contact center capabilities.

In 2017, ShoreTel was acquired by Mitel and subsequently delisted from public markets. Post-acquisition, ShoreTel's products were integrated into Mitel's broader unified communications and collaboration portfolio, which spans cloud, hybrid, and on-premises deployment models and serves 70M+ users globally across verticals including healthcare, education, government, financial services, hospitality, manufacturing, and retail. The combined entity is positioned as the #1 UC provider worldwide (per its own market claim) with 2,100 patents and a 6,000+ global partner network. The Mitel platform encompasses MiCollab, MiVoice Business, OpenScape UC, contact center suites (MiContact Center, Mitel CX), critical communications, and devices, with revenue generated through software subscriptions, hardware sales, and professional/managed services on a quote-based, annual billing cadence.

Short descriptiontext

ShoreTel was a Sunnyvale-based provider of IP unified communications and contact center systems for mid-market and enterprise customers, founded in 1996. The company was acquired by Mitel in 2017, with its products integrated into Mitel's broader cloud, hybrid, and on-premises UC portfolio.

Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersSunnyvale, United States
HQ citystring
Sunnyvale
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
unified communications, IP telephony systems, business communications platforms, contact center solutions, enterprise voice solutions
Industry2 codes
1Cloud PBX & Hosted Telephony
CodeHDAIAHABPrimaryYes
2Business/Enterprise Fixed Connectivity Providers (SME/Enterprise Broadband)
CodeHDAIABAIPrimaryNo
NAICS code3 codes
  • All Other Telecommunications5178
  • Wired and Wireless Telecommunications Carriers (except Satellite)51711
  • Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services5182
SIC code3 codes
  • Services-Telephone Interconnect Systems7385
  • Telephone Communications (No Radiotelephone)4813
  • Computer Communications Equipment3576
Product category
Unified Communications
Social media profiles3 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Software Licenses and Subscriptions
TypeSubscription Recurring
Description

Revenue from unified communications software platforms including MiCollab, MiVoice Business, and OpenScape UC solutions. Typically sold as subscriptions with software assurance.

mitel.com
2Contact Center Solutions
TypeSubscription Recurring
Description

Revenue from customer experience platforms including Mitel CX, MiContact Center Enterprise/Business, and workforce optimization solutions.

mitel.com
3Hardware Sales
TypeHardware Sales
Description

IP phones, SIP phones, conference phones, DECT solutions, and accessories sold alongside software solutions.

mitel.com
4Professional and Managed Services
TypeProfessional Services
Description

Advisory, transformation, operational, and optimization services delivered through Mitel or trusted partners. Includes implementation, training, and ongoing support.

mitel.com
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure
Pricing details3 tiers
1Enterprise Solutions
ModelSubscriptionBilling cadenceAnnual
Notes

Large enterprise deployments with full UC and contact center capabilities

mitel.com
2Midsize Business Solutions
ModelSubscriptionBilling cadenceAnnual
Notes

Mid-market focused solutions like MiContact Center Business and OpenScape Business

mitel.com
3Small Business Solutions
ModelSubscriptionBilling cadenceAnnual
Notes

Essential communication solutions scaled for small businesses

mitel.com
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

ShoreTel develops and sells Internet protocol (IP) communications systems for enterprises internationally, including unified communications and collaboration software, business phone systems, contact center platforms, IP and SIP phones, and critical event management solutions. Following its acquisition by Mitel, ShoreTel's product portfolio is integrated within Mitel's broader UC and CX platform offering, supporting cloud, hybrid, and on-premises deployments.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • City of Baltimore reduced carrier costs by 75%
+4 more records
Product overview1 text field

The source data provided pertains to Mitel's unified communications portfolio. ShoreTel was acquired by Mitel in 2017 and its products have been integrated into Mitel's broader UC platform. The available source material does not contain specific product listings or detailed descriptions of ShoreTel's individual products or services.

Product and service20 records
1MiCollab
CategoryUnified Communications & Collaboration
Description

Collaboration software enabling voice, messaging, and video communications for enterprise users.

2MiVoice Business
CategoryBusiness Communications Platforms
Description

Business communications platform for voice and unified communications, designed for enterprise deployments.

3OpenScape UC
CategoryUnified Communications & Collaboration
Description

Enterprise unified communications platform supporting voice, presence, and collaboration features.

4Mitel CX
CategoryAdvanced UC & CX Solutions
Description

Customer experience and contact center solution with AI-assisted capabilities for enterprise customer interaction handling.

5MiContact Center Enterprise
CategoryAdvanced UC & CX Solutions
Description

Enterprise-grade contact center solution for large-scale customer interaction environments.

6MiContact Center Business
CategoryAdvanced UC & CX Solutions
Description

Mid-market contact center solution providing customer interaction management for growing organizations.

7IP Phones
CategoryDevices & Accessories
Description

Business IP phone devices supporting VoIP standards for enterprise desk and office use.

8Mitel SIP Phones
CategoryDevices & Accessories
Description

SIP phones targeted at the open SIP market, providing standards-based business telephony endpoints.

9Conference Phones
CategoryDevices & Accessories
Description

Conference phone devices designed for meeting room and group audio communications.

10Mitel Xpert
CategoryCritical Communications
Description

Mission-critical communication solution for demanding environments requiring high-availability voice communications.

11Revolution
CategoryCritical Communications
Description

Mass notification system for critical communications and emergency alerting.

12Critical Event Management
CategoryCritical Communications
Description

Critical event management solution providing mass notification and incident coordination capabilities.

13Virtual Care Collaboration Service
CategoryCritical Communications
Description

Healthcare-specific virtual collaboration solution for clinical and patient communication workflows.

14Professional and Managed Services
CategoryServices
Description

Advisory, transformation, operational, and optimization services including implementation, training, and ongoing support delivered through the company or trusted partners.

15Mitel Secure Cloud
CategoryCloud Services
Description

Secure and sovereign hosted cloud deployment option for the unified communications and collaboration platform.

16OpenScape 4000
CategoryBusiness Communications Platforms
Description

On-site phone system for enterprise deployments supporting large user bases.

17MiVoice MX-ONE
CategoryBusiness Communications Platforms
Description

On-site phone system solution for enterprise telephony environments.

18OpenScape Business
CategoryBusiness Communications Platforms
Description

Business communications platform targeted at mid-market organizations.

19Mitel Workforce Optimization
CategoryAdvanced UC & CX Solutions
Description

Workforce optimization software providing performance and quality management for contact center operations.

20Mitel Workflow Studio
CategoryAdvanced UC & CX Solutions
Description

Workflow automation tool for designing and managing contact center operational workflows.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeTechnology or Integration
Description

Mitel offers Zoom Hybrid Workplace solutions, integrating Mitel's UC capabilities with Zoom's collaboration platform to provide hybrid workplace options for customers.

Strategic tierCoreTypeTechnology or Integration
Description

Mitel provides Microsoft Teams Integration, enabling customers to integrate Mitel communication solutions with Microsoft Teams for enhanced collaboration capabilities.

Strategic tierCoreTypeTechnology or Integration
Description

Mitel offers Unify Phone products and OpenScape UC solutions, maintaining compatibility and integration with Unify's communication portfolio including OpenScape Voice and OpenScape 4000.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Cloud-native UCaaS and CCaaS provider competing for the same enterprise and mid-market communications spend, with comparable contact center and integration capabilities.

TypeDirect peer
Description

Enterprise contact center and CX platform overlapping directly with MiContact Center Enterprise, MiContact Center Business, and Mitel CX offerings.

TypeDirect peer
Description

Pure-play cloud UCaaS and contact center vendor targeting the same SMB-to-enterprise customers with a cloud-native architecture, putting pricing pressure on hybrid UC deployments.

TypeBroad incumbent
Description

Zoom Workplace and Zoom Contact Center compete in the same UC and CX categories and are also a strategic integration partner via Mitel's Zoom Hybrid Workplace.

TypeDirect peer
Description

Provides UC, SIP phones, and on-premises/cloud communications for SMB and mid-market, directly overlapping ShoreTel's product mix with a focus on open SIP and channel distribution.

TypeDirect peer
Description

Long-standing direct peer in enterprise UC and contact center (Avaya OneCloud, Aura); shares ShoreTel's hybrid cloud/on-premises deployment model and similar regulated-vertical customer base.

TypeBroad incumbent
Description

Bundles voice, meetings, and collaboration inside Microsoft Teams and Teams Phone; the dominant collaboration suite Mitel integrates with, and the largest competitive threat to standalone UC.

TypeDirect peer
Description

Sells Rainbow, OpenTouch, and OmniPCX enterprise communications, including hybrid cloud and on-premises UC, competing in the same verticals and mid-market segments as ShoreTel/Mitel.

TypeBroad incumbent
Description

Incumbent vendor of IP telephony (CUCM) and the Webex collaboration suite; competes head-to-head in enterprise UC, contact center (Webex Contact Center), and SIP-based on-premises deployments.

TypeDirect peer
Description

ShoreTel's acquirer and now its operating parent; Mitel sells overlapping unified communications, contact center, and on-premises telephony products (MiVoice, OpenScape, MiCollab) into the same enterprise and mid-market customer base.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers8 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment9 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature17 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors9 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

ShoreTel

Unified Communicationsshoretel.com

ShoreTel was a Sunnyvale-based provider of IP unified communications and contact center systems for mid-market and enterprise customers, founded in 1996. The company was acquired by Mitel in 2017, with its products integrated into Mitel's broader cloud, hybrid, and on-premises UC portfolio.

What ShoreTel does

ShoreTel was a Sunnyvale, California-based provider of Internet protocol (IP) communications systems for enterprises, founded in 1996. The company developed and sold unified communications (UC) solutions — including IP-PBX systems, contact center platforms, and collaboration software — primarily targeting mid-market and enterprise customers. Its core product portfolio included the ShoreTel UC platform, ShoreTel Connect (cloud), and ShoreTel Contact Center, distributed largely through a channel partner model supplemented by direct enterprise sales. The company raised approximately $54.5M in venture funding across rounds from 2001 to 2004, completed an IPO on NASDAQ under ticker SHOR, and executed a series of acquisitions between 2010 and 2016 (Agito Networks, M5 Networks, M5 Networks Australia, CorvisaCloud) to expand into mobility, cloud UC, and cloud contact center capabilities.

In 2017, ShoreTel was acquired by Mitel and subsequently delisted from public markets. Post-acquisition, ShoreTel's products were integrated into Mitel's broader unified communications and collaboration portfolio, which spans cloud, hybrid, and on-premises deployment models and serves 70M+ users globally across verticals including healthcare, education, government, financial services, hospitality, manufacturing, and retail. The combined entity is positioned as the #1 UC provider worldwide (per its own market claim) with 2,100 patents and a 6,000+ global partner network. The Mitel platform encompasses MiCollab, MiVoice Business, OpenScape UC, contact center suites (MiContact Center, Mitel CX), critical communications, and devices, with revenue generated through software subscriptions, hardware sales, and professional/managed services on a quote-based, annual billing cadence.

ShoreTel firmographics

Firmographics
Name
ShoreTel
Website
https://shoretel.com
Company type
Private
Founded year
1996
Headcount range
501–1,000 employees
Short description
ShoreTel was a Sunnyvale-based provider of IP unified communications and contact center systems for mid-market and enterprise customers, founded in 1996. The company was acquired by Mitel in 2017, with its products integrated into Mitel's broader cloud, hybrid, and on-premises UC portfolio.
Ownership category
akta.pro rank

ShoreTel industry classification

Industry
Product category
Unified Communications
NAICS
All Other Telecommunications (5178), Wired and Wireless Telecommunications Carriers (except Satellite) (51711), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
SIC
Services-Telephone Interconnect Systems (7385), Telephone Communications (No Radiotelephone) (4813), Computer Communications Equipment (3576)
akta.pro primary industry
Cloud PBX & Hosted Telephony (HDAIAHAB)
akta.pro secondary industry
Business/Enterprise Fixed Connectivity Providers (SME/Enterprise Broadband) (HDAIABAI)

Keywords

  • Unified communications
  • IP telephony systems
  • Business communications platforms
  • Contact center solutions
  • Enterprise voice solutions

Where ShoreTel is headquartered

Location

Headquarters

HQ city
Sunnyvale
HQ country
United States
HQ region
North America

Markets served

ShoreTel business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

  1. Software Licenses and Subscriptions: Revenue from unified communications software platforms including MiCollab, MiVoice Business, and OpenScape UC solutions. Typically sold as subscriptions with software assurance.
  2. Contact Center Solutions: Revenue from customer experience platforms including Mitel CX, MiContact Center Enterprise/Business, and workforce optimization solutions.
  3. Hardware Sales: IP phones, SIP phones, conference phones, DECT solutions, and accessories sold alongside software solutions.
  4. Professional and Managed Services: Advisory, transformation, operational, and optimization services delivered through Mitel or trusted partners. Includes implementation, training, and ongoing support.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualEnterprise Solutions
SubscriptionAnnualMidsize Business Solutions
SubscriptionAnnualSmall Business Solutions

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

ShoreTel product offering

Product offering

Core offering

ShoreTel develops and sells Internet protocol (IP) communications systems for enterprises internationally, including unified communications and collaboration software, business phone systems, contact center platforms, IP and SIP phones, and critical event management solutions. Following its acquisition by Mitel, ShoreTel's product portfolio is integrated within Mitel's broader UC and CX platform offering, supporting cloud, hybrid, and on-premises deployments.

Product overview

The source data provided pertains to Mitel's unified communications portfolio. ShoreTel was acquired by Mitel in 2017 and its products have been integrated into Mitel's broader UC platform. The available source material does not contain specific product listings or detailed descriptions of ShoreTel's individual products or services.

Differentiator

Problem solved

Functional benefit

Products and services

  • MiCollab Collaboration software enabling voice, messaging, and video communications for enterprise users.
  • MiVoice Business Business communications platform for voice and unified communications, designed for enterprise deployments.
  • OpenScape UC Enterprise unified communications platform supporting voice, presence, and collaboration features.
  • Mitel CX Customer experience and contact center solution with AI-assisted capabilities for enterprise customer interaction handling.
  • MiContact Center Enterprise Enterprise-grade contact center solution for large-scale customer interaction environments.
  • MiContact Center Business Mid-market contact center solution providing customer interaction management for growing organizations.
  • IP Phones Business IP phone devices supporting VoIP standards for enterprise desk and office use.
  • Mitel SIP Phones SIP phones targeted at the open SIP market, providing standards-based business telephony endpoints.
  • Conference Phones Conference phone devices designed for meeting room and group audio communications.
  • Mitel Xpert Mission-critical communication solution for demanding environments requiring high-availability voice communications.
  • Revolution Mass notification system for critical communications and emergency alerting.
  • Critical Event Management Critical event management solution providing mass notification and incident coordination capabilities.
  • Virtual Care Collaboration Service Healthcare-specific virtual collaboration solution for clinical and patient communication workflows.
  • Professional and Managed Services Advisory, transformation, operational, and optimization services including implementation, training, and ongoing support delivered through the company or trusted partners.
  • Mitel Secure Cloud Secure and sovereign hosted cloud deployment option for the unified communications and collaboration platform.
  • OpenScape 4000 On-site phone system for enterprise deployments supporting large user bases.
  • MiVoice MX-ONE On-site phone system solution for enterprise telephony environments.
  • OpenScape Business Business communications platform targeted at mid-market organizations.
  • Mitel Workforce Optimization Workforce optimization software providing performance and quality management for contact center operations.
  • Mitel Workflow Studio Workflow automation tool for designing and managing contact center operational workflows.

Quantifiable outcome

  • City of Baltimore reduced carrier costs by 75%
  • +4 more outcomes

Companies that use ShoreTel

Customer profile

Named customers8 records

Segments9 records

Ideal customer profiles4 records

ShoreTel technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature17 records

ShoreTel partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core.

  • ZoomcoreTechnology or IntegrationMitel offers Zoom Hybrid Workplace solutions, integrating Mitel's UC capabilities with Zoom's collaboration platform to provide hybrid workplace options for customers.
  • MicrosoftcoreTechnology or IntegrationMitel provides Microsoft Teams Integration, enabling customers to integrate Mitel communication solutions with Microsoft Teams for enhanced collaboration capabilities.
  • Unify (Atos)coreTechnology or IntegrationMitel offers Unify Phone products and OpenScape UC solutions, maintaining compatibility and integration with Unify's communication portfolio including OpenScape Voice and OpenScape 4000.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

ShoreTel competitors and assessment

Company assessment

Direct peers

  • 8x8: Cloud-native UCaaS and CCaaS provider competing for the same enterprise and mid-market communications spend, with comparable contact center and integration capabilities.
  • Genesys: Enterprise contact center and CX platform overlapping directly with MiContact Center Enterprise, MiContact Center Business, and Mitel CX offerings.
  • RingCentral: Pure-play cloud UCaaS and contact center vendor targeting the same SMB-to-enterprise customers with a cloud-native architecture, putting pricing pressure on hybrid UC deployments.
  • Sangoma Technologies: Provides UC, SIP phones, and on-premises/cloud communications for SMB and mid-market, directly overlapping ShoreTel's product mix with a focus on open SIP and channel distribution.
  • Avaya: Long-standing direct peer in enterprise UC and contact center (Avaya OneCloud, Aura); shares ShoreTel's hybrid cloud/on-premises deployment model and similar regulated-vertical customer base.
  • Alcatel-Lucent Enterprise: Sells Rainbow, OpenTouch, and OmniPCX enterprise communications, including hybrid cloud and on-premises UC, competing in the same verticals and mid-market segments as ShoreTel/Mitel.
  • Mitel: ShoreTel's acquirer and now its operating parent; Mitel sells overlapping unified communications, contact center, and on-premises telephony products (MiVoice, OpenScape, MiCollab) into the same enterprise and mid-market customer base.

Broad incumbents

  • Zoom: Zoom Workplace and Zoom Contact Center compete in the same UC and CX categories and are also a strategic integration partner via Mitel's Zoom Hybrid Workplace.
  • Microsoft (Teams): Bundles voice, meetings, and collaboration inside Microsoft Teams and Teams Phone; the dominant collaboration suite Mitel integrates with, and the largest competitive threat to standalone UC.
  • Cisco (Webex): Incumbent vendor of IP telephony (CUCM) and the Webex collaboration suite; competes head-to-head in enterprise UC, contact center (Webex Contact Center), and SIP-based on-premises deployments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

ShoreTel social profiles

Digital presence

ShoreTel financial estimates

Financial estimate

Revenue estimate

Valuation estimate

ShoreTel leadership team

Management profile

Number of profiles

Profiles4 records

ShoreTel funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

ShoreTel M&A and investment

M&A and investment

M&A4 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ShoreTel

What does ShoreTel do?

ShoreTel develops and sells Internet protocol (IP) communications systems for enterprises internationally, including unified communications and collaboration software, business phone systems, contact center platforms, IP and SIP phones, and critical event management solutions. Following its acquisition by Mitel, ShoreTel's product portfolio is integrated within Mitel's broader UC and CX platform offering, supporting cloud, hybrid, and on-premises deployments.

When was ShoreTel founded?

ShoreTel was founded in 1996. It employs 501 to 1,000 people.

Where is ShoreTel based?

ShoreTel is headquartered in Sunnyvale, United States, in the North America region.

How does ShoreTel make money?

Four revenue lines are on record. Software Licenses and Subscriptions are the primary driver. The others are contact Center Solutions, hardware Sales and professional and Managed Services.

Who are ShoreTel's main competitors?

Direct peers on record are 8x8, Genesys, RingCentral, Sangoma Technologies, Avaya, Alcatel-Lucent Enterprise and Mitel. Broad incumbents are Zoom, Microsoft (Teams) and Cisco (Webex).

Does ShoreTel have an API?

No public API is recorded for ShoreTel.

What industry is ShoreTel in?

ShoreTel's product category is Unified Communications. Its primary akta.pro industry code is HDAIAHAB, Cloud PBX & Hosted Telephony, with a secondary code of HDAIABAI, Business/Enterprise Fixed Connectivity Providers (SME/Enterprise Broadband). Its NAICS code is 5178 and its SIC code is 7385.

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Live signals
PR NewswireSynergy Research Reports Mitel Is in #2 UCaaS Market Share Position WorldwideMitel has been confirmed by Synergy Research Group as the #2 unified communications as a service (UCaaS) vendor worldwide, coming within one percentage point of the #1 market share position based on subscribers. The company reached the one million subscriber milestone for worldwide cloud subscribers in Q3 2017, an achievement accelerated by its acquisition of ShoreTel. CEO Rich McBee stated that this recognition validates Mitel's global transition to a cloud-based business strategy.GlobeNewswireMitel Completes Acquisition of ShoreTelMitel completed its acquisition of ShoreTel, adding its cloud communications portfolio and moving to #2 global UCaaS market share. The deal was financed with a $300 million term loan, and 89.3% of ShoreTel shares were tendered. Mitel expects to share its integrated cloud vision early in 2018.PR NewswireShoreTel Honored with Industry AccoladesShoreTel received multiple industry accolades, including its CMO Mark Roberts being named a Top Midmarket IT Vendor Executive for the fourth consecutive year and its Connect CLOUD service winning a Hosted VoIP Excellence Award. The company also secured Best Vendor Spotlight awards at the Midsize Enterprise Summit and a WebAward for its corporate website. These recognitions highlight ShoreTel's focus on simplicity and innovation in communication solutions for the midmarket sector.PR NewswireToday's Research Report Coverage on Communication Equipment Stocks -- ShoreTel, Sonus Networks, Barracuda Networks, and Aerohive NetworksDailyStockTracker.com published a pre-market research report covering four communication equipment sector stocks: ShoreTel Inc. (NASDAQ: SHOR), Sonus Networks Inc. (NASDAQ: SONS), Barracuda Networks Inc. (NYSE: CUDA), and Aerohive Networks Inc. (NYSE: HIVE). The report presents trading data, stock performance metrics, and recent developments including ShoreTel's Q4 FY17 financial results (hosted revenues of $39.7M, product revenues of $36.5M), Sonus Networks' introduction of the Sonus Advantage bundled solution and a DA Davidson upgrade to Buy, Barracuda Networks' flat trading session at $24.01, and Aerohive Networks' 45% of access point sales from dual 5 GHz Wave 2 products in Q2 2017. The article also notes analyst actions including Lake Street downgrading ShoreTel from Buy to Hold.PR NewswireShoreTel Reports Financial Results for Fourth Quarter and Fiscal Year 2017ShoreTel reported Q4 FY2017 financial results with total revenue of $95.7 million, up from $94.6 million year-over-year, and a GAAP net loss of $1.0 million ($0.01 per share), compared to a net loss of $0.7 million in Q4 FY2016. Non-GAAP net income was $4.5 million ($0.06 per diluted share), up from $3.5 million in the prior year period. The company noted it entered a definitive agreement to be acquired by Mitel on July 27, 2017, and will not provide a business outlook going forward.GlobeNewswireIPC Applauds the Planned Merger of Mitel and ShoreTelMitel agreed to acquire ShoreTel in an all-cash deal at $7.50 per share, with the combined entity headquartered in Ottawa. The merger aims to accelerate growth in cloud-based UCaaS, positioning the pair as the No. 2 player with 16% of the worldwide installed base. The combined company will have about 4,200 employees and 3,200 channel partners.GlobeNewswireMitel announces definitive agreement to acquire ShoreTelMitel announced a definitive agreement to acquire ShoreTel in an all-cash deal at $7.50 per share, a 28% premium, for a total equity value of about $530 million. The combined company would be the second-largest UCaaS player, with expected $60 million in annual synergies and completion in Q3 2017.PR NewswireHarwood Feffer LLP Announces Investigation of Proposed Buyout of ShoreTel, Inc.Harwood Feffer LLP announced an investigation into Mitel Networks Corporation's proposed acquisition of ShoreTel, Inc. for approximately $430 million, with ShoreTel stockholders set to receive $7.50 per share in cash. The law firm is examining whether ShoreTel's board of directors is fulfilling its fiduciary duties, particularly given that at least one analyst has set a price target of $11.00 per share for the company.PR NewswireShoreTel and Its Leadership Recognized for Six Industry AwardsShoreTel, a provider of communication solutions headquartered in Sunnyvale, California, received six industry awards recognizing the company's senior leadership and commitment to innovation. The awards included a Silver Stevie Award for Most Innovative Tech Company for the company's growth, revenue increase, and expanded customer base, as well as Best Midmarket Solution for ShoreTel Teamwork at the Midsize Enterprise Summit. Individual honors were also awarded to three senior executives: CMO Mark Roberts received Best Vendor Spotlight, SVP Eugenia Corrales was named to Silicon Valley Business Journal's Women of Influence 2017, and VP Heather Tenuto was recognized in CRN's Women of the Channel 2017 and Power 100.PR NewswireCommunication Equipment Stocks Under Scanner -- Harmonic, ShoreTel, ViaSat, and Barracuda NetworksOn May 23, 2017, Stock-Callers.com initiated coverage on four communication equipment equities: Harmonic Inc., ShoreTel Inc., ViaSat Inc., and Barracuda Networks Inc., all headquartered in California. The article reports the previous day's trading data including stock prices, trading volumes, and technical indicators such as RSI and moving averages for each company. Market indices showed modest gains on that day, with the NASDAQ Composite rising 0.08%, the Dow Jones Industrial Average advancing 0.21%, and the S&P 500 closing 0.18% higher.