Mitel: Acquiring ShoreTel Doesn’t Make ‘Financial Sense’


Story by Mark Haranas, CRN

Mitel is dismissing claims that it is seeking to acquire fellow unified communications vendor ShoreTel, saying the purchase doesn’t make “financial sense.”

According to a report from financial news service CTFN Friday, sources predicted that Mitel and ShoreTel would begin M&A negations, with Mitel seeking to make another bid for ShoreTel. In 2014, Mitel made multiple offers to acquire ShoreTel with a high bid of $574 million, which ShoreTel ultimately declined.

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