Mitel completes merger with Aastra
Mitel Networks Corp., Kanata ON, a global leader in business communications, has completed its merger with Aastra Technologies Ltd., Concord ON. With US$1.1-billion of combined annual revenue and 60-million customers worldwide, Mitel now has one of the largest global footprints in the industry and is driving consolidation in the US$18-billion business communications market.
With top market share in Western Europe and a top five position globally, Mitel is positioned to capitalize on a massive global growth opportunity as the market begins a long-term migration to cloud-based services.
“With this merger the combined annual revenue of Mitel exceeds a billion dollars, which we believe creates the financial scale and operational leverage to drive shareholder value and profitable growth in an opportunity-rich consolidating market,” says Richard McBee, president and chief executive officer of Mitel. “We now have double the talent, tools and range of solutions to aggressively compete for a greater share of our market.”
Mitel provides the a comprehensive portfolio, covering the entire customer and market landscape. From digital to IP to Cloud; from platforms to applications to devices; for the very smallest business to the very largest enterprise, Mitel’s portfolio now offers customers ultimate control to maintain, migrate, or upgrade their business communications systems at their own pace.
With a solid path to the cloud – private, public or hybrid – Mitel’s integrated portfolio enables a significant competitive advantage and ideally positions the company to serve customers and channels globally, regionally, and vertically; now and well into the future. With a $100 million annual R&D budget as a combined business, Mitel has the resources needed to support ongoing innovation and a broad range of global and regional solutions, protecting customers by limiting the risk of stranding them and their investment.