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Mitel Buys Polycom For $1.96B In Enterprise Communications Consolidation Play (techcrunch.com)
An anonymous reader quotes a report from TechCrunch: Mitel announced that it would acquire Polycom in a cash-and-stock deal with a total value of $1.96 billion, creating a company with combined sales of $2.5 billion and 7,700 employees. Polycom's acquisition by Mitel comes at a key time in the world of enterprise communications and collaboration. On one hand, it is a time of massive change and evolution. For years a lot of the services that companies used were based on legacy networking, but in the last decade there has been a big shift to IP-based networks for many of these services. However, at the same time the whole space has been massively disrupted by startups that are upsetting by tapping into the next phase of digital services -- the internet. Companies like Microsoft by way of services like Skype and Yammer, and smaller startups like Slack, are overturning the whole idea of how people who are not in the same office floor can communicate and collaborate for work. These solutions are way cheaper than a lot of the legacy offerings; they tap into the cloud-based services that are now ubiquitous to share and work on files; and they are also built in very user-friendly ways, based around tech that ordinary consumers are using. Both companies compete against the likes of Cisco and Avaya. Mitel is perhaps best known for its IP telephony solutions, including PBX systems, while Polycom is a leader in conferencing services. They also cover SIP technology, and customers span 82% of Fortune 500 companies.