Polycom, Mitel shares soar after acquisition is terminated
Yongyuan Dai | Getty Images
Polycom stock rose almost 13 percent, while Mitel stock rose nearly 20. Siris Capital, a Private equity firm overshadowed Mitel’s $1.96 billion offer with a $2 billion, or $12.50 per share, cash bid.
“We are very excited for the opportunity to partner with Polycom and its leadership team, as the Company fits well with Siris’ investment focus on mission-critical telecommunications businesses,” said Dan Moloney, executive partner at Siris, in a statement Friday.
“While I am disappointed, I am confident in Mitel’s future as an industry leader and as a market consolidator,” said Rich McBee, president of Mitel in a Friday statement. He indicated that the company would not adjust the prior agreement.
Jonathan Kees, an analyst with Summit Redstone, told CNBC that shares were up so much because of three reasons.
“First, they’re getting $60 million in break-up fees,” he said. “Second, they don’t need to issue additional equity to fund the deal.”
Lastly, “They’re getting more respect from investors because they didn’t overpay,” Kees said. “Mitel could’ve to counter offered, but they didn’t.”
Polycom will pay a $60 million termination fee, the New York-based firm said.
Mitel’s U.S.-listed shares traded at $7.21 a share, while Polycom traded near $12.25 per share. Mitel and Polycom shares have dropped more than 12 and 2 percent this year, respectively.
At Aastrcom we are proud to offer equipment from both Mitel and Polycom.
Call us at 770.457.6144 to start your hosted business telephone system today!
http://aastracom.com
Mitel Breaks 70 Million Users with ShoreTel Deal
Today, Mitel continues to be one of the most powerful, and influential comms businesses in the world, specifically within the UCaaS sector. Their buy-and-build approach to business has helped them to gain a huge portion of the market share, making them the number one UCaaS company for Western Europe and EMEA, as well as one of the top UCaaS organizations in the world. However, since Mitel made their recent ShoreTel acquisition, they’ve evolved from being just “one of” the biggest UCaaS companies to be the second largest provider in the world.
Graham Bevington, EVP Business Development, Mitel
What Does the Future Hold for Mitel and ShoreTel?
As Mitel has announced during their previous press releases, the main aim behind the Mitel and ShoreTel deal is to ensure that Mitel customers have a better, more customised strategy for moving into the cloud. As Graham said himself: “I think we’ve seen the move to the cloud growing more significant over the last few years. Our customers, partners, and even the whole world are moving towards a more software-focused approach to business.”
While Mitel certainly had a great deal of power to deliver their own cloud approaches to their customers before the ShoreTel acquisition, reaching out to a company with a hugely successful cloud strategy has given them more solutions to work with.
Both Mitel and ShoreTel were already doing the same thing, by taking premise-based businesses to the cloud. Both were developing applications and services that gave their customers real reasons to migrate into the cloud environment. Now, by working together, they can deliver an even greater experience
Do You Think the Aastra Deal Has Prepared You for This One?
While Graham reminded me that the Aastra deal with Mitel took place around three and a half years ago, I felt it was worth drawing attention to in light of the latest purchase. Three and a half years isn’t a long time to incorporate a huge company into another organization, but Mitel managed to do it impeccably well, becoming the number one vendor throughout Western Europe, and EMEA.
I wondered whether the Aastra acquisition had any impact on the way Mitel felt about the latest ShoreTel integration. According to Graham:
“When we became number one after Aastra, we opened ourselves up to a range of new opportunities, experimenting with things we could never access before. Now, we’re exploring the same experience with ShoreTel. As the second largest UCaaS provider in the world, we’re sure we’ll be able to deliver more to the marketplace.”
“We’re very excited about the coming years, and delighted to be working with ShoreTel. ShoreTel is very cloud-centric, and we believe that they’re going to help us bridge the gap between hardware and software even faster!”
Can You See Any Upcoming Challenges?
Since acquiring another big company like ShoreTel isn’t exactly a walk in the park, I was interested to learn whether Graham and Mitel overall though there may be any upcoming challenges they would need to face with the acquisition. Graham was quick to let me know that Mitel knows exactly what they’re doing here, and they’ve learned from their experience with Aastra too:
“I think that this integration is very straightforward. Yes, we’ll need to bring things together and find ways to align the businesses, but the truth is that most of that alignment will happen naturally, thanks to the fact that we are already both on the same track.”
With ShoreTel just about to finish their first quarter for the financial year, and Mitel almost ready to release third quarter results, the overarching theme for both companies is to focus on getting the best possible results. After that, 2018 will be the time when Mitel begins to announce potential plans for the future, and what the vision is for the combined companies.
Mitel buys Shortel – Moved Mitel into the #2 position in the hosted handset market.
Mitel completes purchase of Shortel to become the #2 hosted handset provider.
Mitel (Nasdaq:MITL) (TSX:MNW) and ShoreTel (Nasdaq:SHOR) today announced that they have entered into a definitive merger agreement pursuant to which Mitel will acquire 100% of the outstanding shares of ShoreTel common stock in an all-cash transaction at a price of $7.50 per share, or a total equity value of approximately $530 million and a total enterprise value of approximately $430 million. The purchase price represents a 28% premium to ShoreTel’s closing share price on July 26, 2017.
Aastracom is proud to offer products from Mitel.
Avaya emerges from Chapter 11, again.
Denver Colorado-based company, Avaya Communications emerges from a self-inflicted chapter 11 restructuring.
Avaya’s Jim Chirico CEO outlines a focus on emerging technologies.
“Over the past 12 months, we’ve been in this Chapter 11 process, we were a heavily leveraged company, we had over six billion in debt, we were making significant interest payments quarter-on-quarter.
It’s very hard when you have a debt structure of $6.1 billion to be able to have the flexibility, the freedom, to invest in technologies of the future; frankly, to invest in delivering solutions that our customers require,” he said.
One of the reasons for Avaya’s bankruptcy was to avoid paying Continuant Communications a 60 million dollar verdict. Avaya, always playing it dirty.
Panasonic Introduces New Senior Care Facility Communications Solution to Maximize Efficiency and Improve Patient Care
BETTER CARE AND LOWER COSTS— THE PANASONIC SOLUTION
When empty beds equal lost revenue, patient satisfaction is more important than ever to maintaining a
profitable senior care facility. A Panasonic Senior Care Facility Communications Solution is a scalable, cost-effective,
fully-integrated communications and alarm management system that improves patient/resident
satisfaction, caregiver morale, and the company’s bottom line.
FACILITY MANAGERS, EXPERIENCE HIGHER OCCUPANCY, MORE EFFICIENT STAFF ALLOCATION, AND LOWER IT COSTS
Call us and find out how Panasonic can help your business grow.
Panasonic Business Telephone Systems. 866-457-6144
http://aastracom.com
Grow stronger with Panasonic – 0% Financing
As Authorized Reseller Partners of Panasonic Communication, we sell both On-Premise and Hosted telephone equipment
SPECIAL LIMITED TIME OFFER 0% FINANCING FOR 36 MONTHS
Panasonic Analog system KX-TA824 is still one of the most popular small business and home office systems ever. This system can be configured to
Panasonic 0% Financing for business telephone systems
support 8 telephone lines and 24 extensions. Each extension can support a Panasonic system phone and a standard analog telephone or SLT.
Panasonic KX-TDA50, this system is one of the most flexible systems on the market. This system support analog and IP telephone lines. DECT Portable, MGCP IP, SIP IP, analog and digital telephones are all supported on this small unit. This unit can support 12 telephone lines and 28 extensions. Telephones from this system are usable on the larger systems.
Panasonic KX-NS700, this system is Panasonic’s best selling small & medium sized PBX. This unit is very expandable. Support for Analog, Digital, DECT Portable, MGCP IP, and SIP IP phones. Supports analog, digital T1/PRI and IP telephone lines. Can be part of a large campuss type environment supporting over a thousand users. Built-in voicemail with optional email notification.
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• 36 Month finance term / Purchase Option = $1.00 Buy Out
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• Must be on one shippable Purchase Order
• Services such as installation are not eligible for the 0% rate
• Non-Panasonic equipment is not eligible for the 0% rate
• Extended terms are available upon request
– 48 Months at 1.99%; 60 Months at 2.99%0_financing_promo_customizable_0917
• Shorter terms, such as 24 months, are available upon request
• Offer valid between 10/1/17 and 12/31/17
• Subject to credit approval
• Documentation fee of $150 applies
• A quotation including line item pricing must be provided
• Executed lease documents must be received by 12/28/17
• Installation must occur no later than 1/29/18
Contact us today to take advantage of this awesome deal. 844-420-8647
Aastracom receives 2016 Best of Norcross Award for Telecommunications
Press Release
FOR IMMEDIATE RELEASE
Aastracom wins best of Norcross for Telecommunications
Aastracom Receives 2016 Best of Norcross Award
Norcross Award Program Honors the Achievement
NORCROSS December 1, 2016 — Aastracom Telecom has been selected for the 2016 Best of Norcross Award in the Telecommunications Consultants category by the Norcross Award Program.
Each year, the Norcross Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Norcross area a great place to live, work and play.
Various sources of information were gathered and analyzed to choose the winners in each category. The 2016 Norcross Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Norcross Award Program and data provided by third parties.
About Norcross Award Program
The Norcross Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Norcross area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.
The Norcross Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.
SOURCE: Norcross Award Program
http://aastracom.com
Work with the Best Telecom Company in the Atlanta Area, work with Aastracom
Cloud VOIP Providers, who are they?
They are the replacement of the old fashion Ma Bell.
VOIP is the modern version of the old fashion copper telephone lines. With VOIP telephone lines the telephone company is not the building down the street from your office anymore, new telephone companies are located in large server hosting centers. The cloud is just another term for the dedicated hosting centers.
Aastracom is a Cloud VOIP provider of telephone lines and telephone services.
Fiber Network Map
Our Network is built with private fiber connecting most major cities in North America. Our network is growing every day. Need a direct connecting to our network? We can offer you a POP (point of presence) connection in most major cities. Our competitors will not show their network map, why? I guess there are not as proud as we are of our network.
Contact us now for the best, hosted business telephone system 844-420-VOIP
Looking for the right small business phone system.
Offering Hosted PBX and On-Premise systems,
Mitel 6867i Business Telephone
Aastracom has you covered. We can help you in finding the right small business phone system for your company. Many customers enjoy having a worry fee hosted PBX, not only because it’s cost effective but has advanced features, like allow them to interconnect offices from across town and across the world. Some customers may not have a reliable internet connection to support the Hosted PBX and require an on-premise solution. At Aastracom we have been selling business telephone system and service for over 25-years. So we love the old on-premise system but also understand the needs of our customers that do not have the IT staff to support them. We have the support team waiting to assist you.
For on-premise business telephone systems, we offer solutions from Cisco, NEC, Avaya, Panasonic, ATT, Digium, FreePBX, Nortel, and others. We try to match our customer needs to the equipment that best meets their demanding needs.
Information for Hosted Business Telephone Systems, check out our wired IP Business Telephones
Information for On-Premise Business Telephone Systems
Contact an Aastracom communication consulting to discuss your exact needs. 844-420-VOIP
ABSi Telecom Receives 2016 Best of Norcross Award
Press Release
FOR IMMEDIATE RELEASE
ABSi Telecom Receives 2016 Best of Norcross Award
Norcross Award Program Honors the Achievement
NORCROSS December 1, 2016 — ABSi Telecom has been selected for the 2016 Best of Norcross Award in the Telecommunications Consultants category by the Norcross Award Program.
Each year, the Norcross Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Norcross area a great place to live, work and play.
Various sources of information were gathered and analyzed to choose the winners in each category. The 2016 Norcross Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Norcross Award Program and data provided by third parties.
About Norcross Award Program
The Norcross Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Norcross area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.
The Norcross Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.
SOURCE: Norcross Award Program
ABSi Telecom http://absi.us
