ShoreTel
{{Short description|US telecommunications company}}
{{Infobox company
| name = ShoreTel, Inc.
| logo = ShoreTel-80k-RGB.png
| logo_size = 256px
| fate = Acquired by Mitel
| foundation = {{start date and age|1996|09}}
| defunct = {{end date and age|2017|09|25}}
| location_city = Sunnyvale, California
| key_people = Don Joos, CEO
Mike Healy, CFO
| industry = Telecommunications
| revenue = $359 million (2016)
| net_income = $12 million (2016)
| assets = $339 million (2016)
| equity = $202 million (2016)
| num_employees = 1,158 (2016)
| footnotes = {{cite web | url=https://www.sec.gov/Archives/edgar/data/1388133/000156761917001905/h10046143x1_10k.htm | title=ShoreTel, Inc. 2016 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission}}
}}
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.{{cite news | url=https://www.cnbc.com/2007/07/03/shoretel-ipo-priced-at-950-a-share.html | title=ShoreTel IPO Priced at $9.50 a Share | agency=Associated Press | publisher=CNBC | date=July 3, 2007}}{{Cite web | title=ShorelTel Inc (SHOR) IPO | work=NASDAQ | url=http://www.nasdaq.com/markets/ipos/company/shoretel-inc-734585-53376 | date=July 3, 2007}}
On October 21, 2010, the company announced the acquisition of Agito Networks for approximately $11.4 million.{{cite news | url=http://ip-telephony.tmcnet.com/topics/ip-telephony/articles/110453-shoretel-acquires-enterprise-mobility-leader-agito-networks-114.htm | title=ShoreTel Acquires Enterprise Mobility Leader Agito Networks for $11.4 M | first=Stefanie | last=Mosca | work=TMC | date=October 21, 2010}}{{cite news | url=http://www.eweek.com/c/a/VOIP-and-Telephony/ShoreTel-Buys-Agito-Expands-Mobile-UC-Capabilities-333131/ | title=ShoreTel Buys Agito, Expands Mobile UC Capabilities | first=Jeffrey | last=Burt | work=eWeek | date=October 21, 2010}}
In 2012, the company acquired M5 Networks, based in New York City, for $146 million.{{Cite news | title=ShoreTel to Buy M5 Networks, Grow Cloud UC Capabilities | first=Jeffrey | last=Burt | work=eWeek | url=http://www.eweek.com/c/a/Enterprise-Networking/ShoreTel-to-Buy-M5-Networks-Grow-Cloud-UC-Capabilities-300727/ | date=February 1, 2012}}
In August 2013, Don Joos became president and chief executive. He had joined ShoreTel in April 2011 from Avaya.{{cite press release | url=http://www.nasdaq.com/press-release/shoretel-names-don-joos-as-president--ceo-20130808-01210 | title=ShoreTel Names Don Joos as President & CEO: ShoreTel SVP Steps Up to Top Role for Leading Unified Communications Provider | date=August 8, 2013}}
In August 2015, the company launched Connect Common UC Platform.{{cite news | url=http://www.eweek.com/networking/shoretel-rolls-out-connect-common-uc-platform.html/ | title=ShoreTel Rolls Out Connect Common UC Platform | first=Jeffrey | last=Burt | work=eWeek | date=August 19, 2015}}{{cite news | url=http://www.crn.com/news/networking/300077810/shoretel-launches-first-to-market-single-hybrid-platform-for-unified-communications.htm | title=ShoreTel Launches 'First To Market' Single Hybrid Platform For Unified Communications | first=Mark | last=Haranas | work=CRN | date=August 18, 2015}}
In January 2016, The company acquired Corvisa to provide SIP trunking and additional third-party application integration.{{cite news | url=http://cloud-computing.tmcnet.com/breaking-news/articles/415638-shoretels-corvisa-acquisition-officially-complete.htm/ | title=ShoreTel's Corvisa Acquisition is Officially Complete | first=Rory | last=Lidstone | work=CloudComputing | date=January 7, 2016}}
In February 2016, ShoreTel Connect Hybrid Sites was launched, a hybrid offering of on-premises and cloud services.{{cite news | url=http://www.nojitter.com/post/240171402/hybrid-made-easy/ | title=Hybrid Made Easy | first=Michelle | last=Burbick | work=nojitter | date=February 24, 2016}}
In August 2016, the company began looking into a sale of the company.{{cite news | url=http://www.eweek.com/networking/shoretel-to-review-options-for-its-future-including-a-possible-sale | title=ShoreTel to Review Options for Its Future, Including a Possible Sale | first=Jeffrey | last=Burt | work=eWeek | date=August 5, 2016}}
In September 2017, the company was acquired by Mitel for $530 million.{{cite news | url=http://www.crn.com/news/networking/300089491/mitel-acquiring-shoretel-to-create-a-1-3b-ucaas-powerhouse.htm | title=Mitel Acquiring ShoreTel To Create A $1.3B UCaaS Powerhouse | first=Mark | last=Haranas | work=CRN | date=July 27, 2017}}{{cite news | url=http://www.crn.com/news/networking/300092671/mitel-completes-530-million-acquisition-of-shoretel.htm | title=Mitel Completes $530 Million Acquisition Of ShoreTel | last=Haranas | first=Mark | work=CRN | date=September 25, 2017}}{{cite news | url=https://techcrunch.com/2017/07/27/mitel-to-buy-shoretel-for-430-million-to-create-unified-communications-powerhouse/ | title=Mitel to buy ShoreTel for $430 million to create unified communications powerhouse | first=Ron | last=Miller | work=TechCrunch | date=July 27, 2017}}{{cite press release | url=https://globenewswire.com/news-release/2017/09/25/1132173/0/en/Mitel-Completes-Acquisition-of-ShoreTel.html | title=Mitel Completes Acquisition of ShoreTel | publisher=Globe Newswire | date=September 25, 2017}}