| Fate | Acquired by Mitel |
|---|---|
| Foundation | September 1996 (age 30) |
| Defunct | September 25, 2017 (age 8) |
| Location city | Sunnyvale, California |
| Key people | Don Joos, CEO Mike Healy, CFO |
| Industry | Telecommunications |
| Revenue | $359 million (2016) |
| Net income | $12 million (2016) |
| Assets | $339 million (2016) |
| Equity | $202 million (2016) |
| Num employees | 1,158 (2016) |
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.[1][2]
On October 21, 2010, the company announced the acquisition of Agito Networks for approximately $11.4 million.[citation needed]
In 2012, the company acquired M5 Networks, based in New York City, for $146 million.[3]
In August 2013, Don Joos became president and chief executive. He had joined ShoreTel in April 2011 from Avaya.[4]
In August 2015, the company launched Connect Common UC Platform.[5][6]
In January 2016, The company acquired Corvisa to provide SIP trunking and additional third-party application integration.[citation needed]
In February 2016, ShoreTel Connect Hybrid Sites was launched, a hybrid offering of on-premises and cloud services.[7]
In August 2016, the company began looking into a sale of the company.[8]
In September 2017, the company was acquired by Mitel for $530 million.[9][10][11][12]
Mitel filed for Chapter 11 bankruptcy protection on March 10, 2025, listing assets and liabilities between $1 billion and $10 billion.[13]
References
- ^ "ShoreTel IPO Priced at $9.50 a Share". CNBC. Associated Press. July 3, 2007.
- ^ "ShorelTel Inc (SHOR) IPO". NASDAQ. July 3, 2007.
- ^ Burt, Jeffrey (February 1, 2012). "ShoreTel to Buy M5 Networks, Grow Cloud UC Capabilities". eWeek
- ^ "ShoreTel Names Don Joos as President & CEO: ShoreTel SVP Steps Up to Top Role for Leading Unified Communications Provider". August 8, 2013.
- ^ Burt, Jeffrey (August 19, 2015). "ShoreTel Rolls Out Connect Common UC Platform". eWeek
- ^ Haranas, Mark (August 18, 2015). "ShoreTel Launches 'First To Market' Single Hybrid Platform For Unified Communications". CRN
- ^ Burbick, Michelle (February 24, 2016). "Hybrid Made Easy". nojitter
- ^ Burt, Jeffrey (August 5, 2016). "ShoreTel to Review Options for Its Future, Including a Possible Sale". eWeek
- ^ Haranas, Mark (July 27, 2017). "Mitel Acquiring ShoreTel To Create A $1.3B UCaaS Powerhouse". CRN
- ^ Haranas, Mark (September 25, 2017). "Mitel Completes $530 Million Acquisition Of ShoreTel". CRN
- ^ Miller, Ron (July 27, 2017). "Mitel to buy ShoreTel for $430 million to create unified communications powerhouse". TechCrunch
- ^ "Mitel Completes Acquisition of ShoreTel". Globe Newswire. September 25, 2017.
- ^ Ma, Dorothy & Phakdeetham, Janine (March 10, 2025). "Canada's Mitel Networks Files For Bankruptcy After Debt Workouts". Bloomberg. Retrieved March 10, 2025.