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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.[2][3]

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.[4]

In August 2013, Don Joos became president and chief executive. He had joined ShoreTel in April 2011 from Avaya.[5]

In August 2015, the company launched Connect Common UC Platform.[6][7]

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.[8]

In August 2016, the company began looking into a sale of the company.[9]

In September 2017, the company was acquired by Mitel for $530 million.[10][11][12][13]

Mitel filed for Chapter 11 bankruptcy protection on March 10, 2025, listing assets and liabilities between $1 billion and $10 billion.[14]

References

  1. ^ “ShoreTel, Inc. 2016 Form 10-K Annual Report”. U.S. Securities and Exchange Commission.
  2. ^ “ShoreTel IPO Priced at $9.50 a Share”. CNBC. Associated Press. July 3, 2007.
  3. ^ “ShorelTel Inc (SHOR) IPO”. NASDAQ. July 3, 2007.
  4. ^ Burt, Jeffrey (February 1, 2012). “ShoreTel to Buy M5 Networks, Grow Cloud UC Capabilities”. eWeek.
  5. ^ “ShoreTel Names Don Joos as President & CEO: ShoreTel SVP Steps Up to Top Role for Leading Unified Communications Provider” (Press release). August 8, 2013.
  6. ^ Burt, Jeffrey (August 19, 2015). “ShoreTel Rolls Out Connect Common UC Platform”. eWeek.
  7. ^ Haranas, Mark (August 18, 2015). “ShoreTel Launches ‘First To Market’ Single Hybrid Platform For Unified Communications”. CRN.
  8. ^ Burbick, Michelle (February 24, 2016). “Hybrid Made Easy”. nojitter.
  9. ^ Burt, Jeffrey (August 5, 2016). “ShoreTel to Review Options for Its Future, Including a Possible Sale”. eWeek.
  10. ^ Haranas, Mark (July 27, 2017). “Mitel Acquiring ShoreTel To Create A $1.3B UCaaS Powerhouse”. CRN.
  11. ^ Haranas, Mark (September 25, 2017). “Mitel Completes $530 Million Acquisition Of ShoreTel”. CRN.
  12. ^ Miller, Ron (July 27, 2017). “Mitel to buy ShoreTel for $430 million to create unified communications powerhouse”. TechCrunch.
  13. ^ “Mitel Completes Acquisition of ShoreTel” (Press release). Globe Newswire. September 25, 2017.
  14. ^ Ma, Dorothy; Phakdeetham, Janine (March 10, 2025). “Canada’s Mitel Networks Files For Bankruptcy After Debt Workouts”. Bloomberg. Retrieved March 10, 2025.