Showing posts with label Polycom. Show all posts
Showing posts with label Polycom. Show all posts

Sunday, July 10, 2016

Polycom Drops Mitel Merger, Agrees to Private Equity Buyout

The Board of Directors of Polycom terminated a previously announced merger agreement with Mitel Networks Corporation, and instead approved a new merger agreement with Triangle Private Holdings I and Triangle Private Merger Sub, entities affiliated with Siris Capital Group.

Under the new deal with Siris, outstanding shares of common stock of Polycom will be exchanged for $12.50 per share in cash at the completion of the merger.

On July 7, 2016, Mitel Networks Corporation waived its right to renegotiate its merger agreement with Polycom after receipt of notice of the Polycom board’s determination that Siris was offering a superior deal. Polycom will pay a merger termination fee to Mitel.

http://www.polycom.com





Mitel to Acquire Polycom for Nearly $2 Billion


Mitel agreed to acquire all of the outstanding shares of Polycom common stock in a cash and stock transaction valued at approximately $1.96 billion, including $3.12 in cash and 1.31 Mitel common shares for each share of Polycom common stock, or $13.68 based on the closing price of a Mitel common share on April 13, 2016 -- a 22% premium to Polycom shareholders based on Mitel's and Polycom's recent share prices. The deal combines Mitel's leadership...

Sunday, April 17, 2016

Mitel to Acquire Polycom for Nearly $2 Billion

Mitel agreed to acquire all of the outstanding shares of Polycom common stock in a cash and stock transaction valued at approximately $1.96 billion, including $3.12 in cash and 1.31 Mitel common shares for each share of Polycom common stock, or $13.68 based on the closing price of a Mitel common share on April 13, 2016 -- a 22% premium to Polycom shareholders based on Mitel's and Polycom's recent share prices.

The deal combines Mitel's leadership in global communications with Polycom's well-known premium brand and portfolio in the conference and video collaboration market. The combined company will be headquartered in Ottawa, Canada, and will operate under the Mitel name while maintaining Polycom's strong global brand. Richard McBee, Mitel's Chief Executive Officer will lead the combined organization. Steve Spooner, Mitel's Chief Financial Officer, will also continue in that role. The combined company will have a global workforce of approximately 7,700 employees.

"Mitel has a simple vision - to provide seamless communications and collaboration to customers. To bring that vision to life we are methodically putting the puzzle pieces in place to provide a seamless customer experience across any device and any environment," said Mitel CEO Rich McBee. "Polycom is one of the most respected brands in the world and is synonymous with the high quality and innovative conference and video capabilities that are now the norm of everyday collaboration."

Some key market positions include:

#1 in business cloud communications
#1 in IP/PBX extensions in Europe
#1 in conference phones
#1 in Open SIP sets
#2 in video conferencing
#2 in installed audio
Combined portfolio of more than 2,100 patents and more than 500 patents pending

http://www.mitel.com
http://www.polycom.com

Mitel Acquires Mavenir for $560 million

Mitel agreed to acquire Mavenir Systems (NYSE:MVNR) in a cash and stock deal valued at approximately $560 million.

Mitel specializes in enterprise and mobile IP unified communications.  Mavenir prrovides software-based mobile networking solutions, including a portfolio of voice/video, messaging and mobile core products that include IP Multimedia Subsystem (IMS), Evolved Packet Core (EPC) and Session Border Controllers (SBCs). Mavenir was the supplier for the world’s first live network deployments of Voice over LTE (VoLTE) and RCS5 with MetroPCS (now T-Mobile); the first mobile network deployment of IMS-based VoWi-Fi (Wi-Fi calling) with T-Mobile US; and the first implementation of Virtualized RCSe with Deutsche Telekom.

Wednesday, March 18, 2015

Polycom Plans Video Collaboration for Skype for Business

Polycom plans to deliver a new series of video collaboration solutions purpose-built for Skype for Business.

The first device in the forthcoming Polycom RoundTable series will be a video solution for huddle rooms that will allow small to midsized businesses (SMB) and teams with Skype for Business and Microsoft Lync 2013 to enjoy rich collaboration experiences, including voice, video and content collaboration. Launch is expected this summer.

Collaboration is the cornerstone of productivity, and people need tools that work the way they do—across locations and devices,” said Zig Serafin, corporate vice president, Skype Business Services Group, Microsoft. “Throughout our long-standing partnership with Polycom, we’ve shared a goal of delivering collaboration experiences that transform the way people work. The RoundTable 100 serves as another important step in helping businesses of all sizes to realize that goal.”

http://www.microsoft.com

Tuesday, December 3, 2013

Polycom Appoints New CEO

Polycom appointed Peter A. Leav as its new as President and CEO, replacing interim CEO Kevin Parker, who will continue serving as Chairman of the Board of Polycom.

Leav previously served as Executive Vice President and President of Industry and Field Operations for NCR, where he was responsible for leading a team of approximately 8,000 employees across 120 countries and for delivering annual revenue of more than $5.7 billion in 2012.

http://www.polycom.com

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