Subject:::ShoreTel to Acquire M5 Networks - Internet Telephony Internet Telephony eNewsletter
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February 02, 2012

ShoreTel to Acquire M5 Networks, Reports Q2 Revenue of $58 Million

By Erin Harrison, Executive Editor, Strategic Initiatives

It was a big day for IP phone system provider ShoreTel.

The Sunnyvale, Calif.-based company announced it will acquire M5 Networks (News - Alert) just before releasing its second quarter earnings report, which shows revenue of $58 million, up eight percent over Q1-2012 and up 22 percent from the second quarter of fiscal year 2011.


As cloud computing becomes a more popular option for enterprises, ShoreTel agreed to acquire hosted Unified Communications (News - Alert) provider M5 Networks for up to $162.4 million in cash and stock.

As a result of the acquisition, company officials said ShoreTel will be “uniquely positioned” to provide customers a choice between on-premise and hosted UC solutions.


“The acquisition of M5 positions ShoreTel as a leader in the fast-growing cloud UC market and delivers a suite of hosted telephony solutions that is unmatched in the marketplace,” Peter Blackmore, CEO of ShoreTel, said in a company statement. “This acquisition is a critical step in our evolution and enables the company to capitalize on trends in cloud computing and advance our enterprise communications strategy... Read More

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