Welcome, visitor! [ Register | Login

Mitel’s acquisition of Polycom has game-changing potential in UC market

VoIP News June 3, 2016

After months of speculation, Mitel finally pulled the trigger on acquiring Polycom for $ 1.96 billion.

Competing in the unified communications (UC) market means having to butt heads with not just one, but two 800-pound gorillas named Cisco and Microsoft. The combined “MiPolycom” will be a much bigger, stronger, $ 2.5 billion revenue company—much more capable of competing with the big boys.

Mitel’s acquisition of Polycom is a bit of an unusual situation. Polycom is bigger than Mitel in both revenue and market cap, but Mitel was able to secure a $ 1.05 billion loan from Bank of America and Merrill Lynch to complete the deal. Under the terms of the agreement, Polycom will continue to run as a separate business unit under Mitel and will retain its brand. Rich McBee, Mitel’s CEO, will be the CEO of the combined organization, which will be headquartered in Ottawa, Canada.

To read this article in full or to leave a comment, please click here

Network World Unified Communications/VoIP

250 total views, 0 today