Small Business VoIP

Mitel to be Acquired by Investor group for $2 billion Cash

April 24th, 2018 – Mitel®, a leading unified communications solutions provider for businesses, today announced that it has entered into a definitive arrangement agreement to be acquired by an investor group led by affiliates of Searchlight Capital Partners.

This deal will be an all-cash transaction valued at $2 billion, including Mitel’s net debt. The transaction is expected to be complete in late 2018.  

Searchlight is a private investment firm with investments in North America and Europe. The purpose of this acquisition is to seek out a partnership for its funds with leading corporations to enhance value of its capital and strategic support.

Upon completion of the acquisition, Mitel will transit into a privately held company, which will provide Mitel with additional flexibility to accelerate its strategy of moving to the Cloud.

“This transaction is an exciting next step in our multi-year transformation that has enabled Mitel to emerge as an industry leader in the largest markets in the world. As a private company, and with the strategic and capital support of the Searchlight funds, we will have greater flexibility to manage the transition in our market, accelerate our strategy, and drive the next phase of success for our customers, partners, and employees,” said Mitel CEO, Rich McBee.

Ying-Hui Chen

Ying-Hui ( Evy), has been working at VoIP Supply since November 2015. She is currently working in the Marketing Department helping with market research, SEO analysis/ tracking, email marketing and blogs. Connect with her on LinkedIn.

Share
Published by
Ying-Hui Chen

Recent Posts

Viking VoIP Emergency Phone E-1600-IP-EWP: Product Feature and How to Register with Sangoma PBXact

https://youtu.be/FE2kcF7KjgQ?si=inw4thEr2thxgGeL When it comes to security, you should never cut corners. Having something that you…

3 days ago

Watch Now: 2025 March VoIP News Update

https://www.youtube.com/watch?v=X2_HXAv73FI Your March VoIP News Update is out now! This month we showcase an awesome…

7 days ago

Did You Know:  New MS Teams-Certified Services, Products & Devices!

It is certainly no secret that leading platforms such as Microsoft Teams have grown in…

1 week ago

Snom M56 DECT Phone & M500 Base Station: Product Feature and How to Pair Devices

https://youtu.be/7_EIZKXqG3w?si=nvWqq8EAe58AJ6Dp Over the years, we have seen several advancements in DECT technology, and with that,…

2 weeks ago

How To: Prepare Your Business for Upcoming Tariffs in the VoIP Industry

With all of this talk about tariffs, we wanted to provide you with some information…

2 weeks ago

Fanvil i62 Outdoor Audio & Video Door Phone: How to SIP Register and Program RFID Card

https://youtu.be/y3X1PcrK6i8?si=qWPgzDNhhngcsk_a In today's world, security is one of the most important things to have for…

1 month ago