The Unified Communications and Business VoiP landscape just got more interesting with Mitel confirming the acquisition of ShoreTel for US$430 million.
As digital transformation accelerates customer demand for cloud based communications solutions globally, the move propels Mitel’s move-to-cloud strategy through further and faster investment into the UCaaS (Unified Communications as a Service) market. It also confirms the Unified Communications powerhouse’s focus on consolidation, as already demonstrated through the merging of its cloud and enterprise divisions and the acquisition of Toshiba’s UC services last month.
“This is a very natural combination that enables us to continue to consolidate the industry and take advantage of cost synergy opportunities while adding new technologies and significant cloud growth to our business,” Mitel CEO Rich McBee said in a statement.
It’s a huge move for Mitel and comes off the back of the brand being named a leader in Gartner Magic Quadrant for Unified Communications for the fourth year in a row.
How this will effect the New Zealand market remains to be seen but the news, along with the recent Avaya Chapter 11 Bankruptcy application, means there will soon be two less players in the mix.