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Slide #78. Mitel — prairieFyre
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.
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