May 16, 2018, 1:42 AM
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced the appointment of David Silke as Vice President of International Marketing. Silke will work across the EMEA and APAC markets, which compose Mitel’s international regions, creating new Mitel customer engagement programs that complement the company’s evolving go-to-market structure.
May 3, 2018, 1:26 AM
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced financial results for the first quarter ended March 31, 2018. The Company reported that On-Site Products and Services revenues were down 8% in constant currency during the March 2018 quarter and are contracting faster than previously expected. Pro forma overall revenues in constant currency declined 3% versus the prior year quarter. The Company reported Cloud Recurring revenues that were largely in-line with management’s expectations, but noted that Cloud Recurring bookings declined compared to the prior year quarter. Favorable foreign exchange rates were a significant contributor to Q1 revenue and earnings, but were partially offset by accelerating market decline for On-Site Products and Services combined with slower than expected integration progress in the Company’s combined UCaaS business.
Mitel Enters into Definitive Arrangement Agreement to be Acquired by Affiliates of Searchlight Capital Partners for $2.0 Billion
Apr 26, 2018, 7:22 AM
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced that it has signed a definitive arrangement agreement to be acquired by an investor group led by affiliates of Searchlight Capital Partners, L.P. (“Searchlight”) in an all-cash transaction valued at approximately $2.0 billion, including Mitel’s net debt. Under the terms of the agreement, to be completed pursuant to a plan of arrangement, upon completion Mitel shareholders will receive $11.15 per common share in cash. This exceeds Mitel’s 52-week and last three-year-high price and represents a premium of approximately 24% to the 90-calendar-day volume-weighted average price of Mitel common shares through April 23, 2018. Upon completion of the transaction, Mitel will become a privately held company, which is expected to provide the company with additional flexibility to accelerate its move-to-the-cloud strategy.
Apr 23, 2018, 7:13 AM
OTTAWA, April 18, 2018 (GLOBENEWSWIRE) Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced that it will release its first quarter 2018 financial results for the period ended March 31, 2018 before the market opens on Thursday, May 3, 2018.
Apr 23, 2018, 7:12 AM
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, announced today that CRN®, a brand of The Channel Company, has named Mike Conlon, Vice President of Global Channels for Mitel, to its prestigious list of 2018 Channel Chiefs. The executives on this annual list represent top leaders in the IT channel who excel at driving growth and revenue in their organization through channel partners.
Mitel Takes Customers to the Cloud with New Communications and Collaboration Application for Small Businesses
Apr 23, 2018, 7:12 AM
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced the launch of Mitel OfficeLink, a custom-built, cloud-based application that provides small businesses with key unified communications (UC) features on a mobile device. Mitel OfficeLink is delivered through the Mitel CloudLink platform, a technology innovation that enables businesses to fully leverage existing assets while extending and adding new capabilities from the cloud.
Apr 23, 2018, 7:11 AM
OTTAWA and STUTTGART, Germany, March 22, 2018 (GLOBE NEWSWIRE) -- Mitel (Nasdaq:MITL) (TSX:MNW) and Ostertag Holding GmbH (HRB 732189) today announced that they have entered into a definitive agreement in which Ostertag will acquire DeTeWe Communications GmbH, Mitel’s direct systems integration business in Germany. As part of the agreement, all DeTeWe operations, employees and customer contracts will transition to Ostertag upon closing, which is expected in early Q2 2018 subject to regulatory approvals and customary closing conditions. Financial details of the transaction were not disclosed.
Mar 22, 2018, 3:59 AM
OTTAWA, March 15, 2018 (GLOBE NEWSWIRE) Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced an expansion of its partnership with ScanSource (Nasdaq:SCSC) to streamline the distribution of its on-site products in the United States and to better equip U.S. partners with the high-value tools, services, and support needed to grow. Today's announcement is the next in a series of strategic steps to align Mitel's go-to-market approach globally. This follows the recent announcement of Mitel's new global partner program and the company's intent to leverage the strengths of distribution.
Mar 22, 2018, 3:58 AM
OTTAWA, March 13, 2018 (GLOBE NEWSWIRE) Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, announced today that independent research firm Synergy Research Group has confirmed its lead in unified communications as a service (UCaaS) subscriber growth for the fourth quarter of 2017 as the company added more seats than the combined totals of three of its competitors. Reflecting continued strong demand, Mitel's overall UCaaS subscriber numbers also increased more than 60 percent compared with the previous year.
Tottenham Hotspur Chooses Mitel Unified Communications to Support World-Class Entertainment Experience at its New Stadium
Mar 22, 2018, 3:57 AM
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, has secured a contract with leading English Premier League Football Club, Tottenham Hotspur, to help enhance the communication experience for staff and fans at the Club's soon-to-be-completed, state-of-the-art stadium.