ShoreTel

ShoreTel, Inc. was a telecommunications vendor providing unified communications for business. In 2017, the company was acquired by Mitel.

History

In September 1996, ShoreTel was co-founded as Shoreline Teleworks by Edwin J. Basart and Mike Harrigan, both of whom were co-founders of Network Computing Devices.

In 1998, the company shipped its first products.

In April 2004, the company changed its name to ShoreTel.

On July 3, 2007, the company became a public company via an initial public offering.[2][3]

On October 21, 2010, the company announced the acquisition of Agito Networks for approximately $11.4 million.

In 2012, the company acquired M5 Networks, based in New York City, for $146 million.[4]

In August 2013, Don Joos became president and chief executive. He had joined ShoreTel in April 2011 from Avaya.[5]

In August 2015, the company launched Connect Common UC Platform.[6][7] In January 2016, The company acquired Corvisa to provide SIP trunking and additional third-party application integration. In February 2016, ShoreTel Connect Hybrid Sites was launched, a hybrid offering of on-premises and cloud services.[8]

In August 2016, the company began looking into a sale of the company.[9]

In September 2017, the company was acquired by Mitel for $530 million.[10][11][12][13]

Mitel filed for Chapter 11 bankruptcy protection on March 10, 2025, listing assets and liabilities between $1 billion and $10 billion.[14]

References

  1. ShoreTel, Inc. 2016 Form 10-K Annual Report U.S. Securities and Exchange Commission^
  2. ShoreTel IPO Priced at $9.50 a Share CNBC, July 3, 2007^
  3. ShorelTel Inc (SHOR) IPO NASDAQ, July 3, 2007^
  4. Jeffrey Burt. ShoreTel to Buy M5 Networks, Grow Cloud UC Capabilities eWeek, February 1, 2012^
  5. ShoreTel Names Don Joos as President & CEO: ShoreTel SVP Steps Up to Top Role for Leading Unified Communications Provider August 8, 2013^
  6. Jeffrey Burt. ShoreTel Rolls Out Connect Common UC Platform eWeek, August 19, 2015^
  7. Mark Haranas. ShoreTel Launches 'First To Market' Single Hybrid Platform For Unified Communications CRN, August 18, 2015^
  8. Michelle Burbick. Hybrid Made Easy nojitter, February 24, 2016^
  9. Jeffrey Burt. ShoreTel to Review Options for Its Future, Including a Possible Sale eWeek, August 5, 2016^
  10. Mark Haranas. Mitel Acquiring ShoreTel To Create A $1.3B UCaaS Powerhouse CRN, July 27, 2017^
  11. Mark Haranas. Mitel Completes $530 Million Acquisition Of ShoreTel CRN, September 25, 2017^
  12. Ron Miller. Mitel to buy ShoreTel for $430 million to create unified communications powerhouse TechCrunch, July 27, 2017^
  13. Mitel Completes Acquisition of ShoreTel Globe Newswire, September 25, 2017^
  14. Dorothy Ma, Janine Phakdeetham. Canada's Mitel Networks Files For Bankruptcy After Debt Workouts Bloomberg, March 10, 2025, retrieved March 10, 2025^