Saturday, April 28, 2007

Mitel announces agreement to purchase Inter-Tel for $723 million

Mitel announced on April 26th, 2007 an agreement to purchase Inter-Tel. The company offers value-driven communications products (more of an out of the box solution); applications utilizing networks and server-based communications software; and a wide range of managed services that include voice and data network design and traffic provisioning, custom application development, and financial solutions packages. The merger is said to increases Mitel's SMB market share in the US and the U.K.

Read the official press release at http://www.mitel.com/DocController?documentId=23291.

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