Mitel acquires Inter-Tel

Big doings in the SMB VoIP equipment manufacturers space today. Mitel has aquired Inter-Tel for approximately 723 million dollars.

The merger creates a market leader in the U.S. and U.K. SMB IP communications markets with anticipated revenues of over $800 million, twice those of Mitel today. It combines the strength of the two companies in the IP communications market, providing increased scale to extend market share in the SMB sector and expand into the large business IP communications market.

Full Story Here

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