The Online Investor
Communications Services M&A image Communications Services M&A » By The Online Investor Staff, updated Tue., Mar. 9, 2:45 AM Recent mergers and acquisitions in the Communications Services M&A category.

Slide #78. Mitel prairieFyre

Acquirer: Mitel (MITL)
Acquiree: prairieFyre
Details: Mitel (Nasdaq:MITL) (TSX:MNW), a leading provider of cloud and premises-based unified communications (UC) software solutions, today completed the acquisition of one of its key suppliers, prairieFyre Software Inc., a privately held global provider of contact center, business analytics, and workforce optimization software and services. The net cash cost to Mitel for the acquisition of prairieFyre is approximately $20 million. The deal is expected to be accretive in the first year. prairieFyre is an original equipment manufacturer (OEM) that has supplied Mitel with its existing contact center solution. The acquisition is expected to further strengthen Mitel's position in the growing contact center market, estimated at over $3B annually*.

Mitel Networks is a provider of cloud and enterprise communications and collaboration solutions. Co.'s segments include: Cloud, which provides a range of private, public, hybrid and mobile Software as a Service solutions for businesses as well as cloud-based telephone and network services in the U.S.; and Enterprise, which provides a range of unified communications and collaboration solutions, which address and support the spectrum of technology specifications - from digital to IP to cloud to mobile, and from platforms to applications to end-user devices. Co.'s enterprise solutions include its virtualization capabilities and desktop and mobile applications.

Open the MITL Page at The Online Investor »

Company Name: 
Mitel Networks Corp
Stock buyback: 
MITL buyback
Communications Services

Open the MITL Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Buy (3.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Communications Services M&A - Slide 78 of 100 Page |

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.