M5 Bought by Shoretel

Peter : On Rad's Radar?
Peter
| Peter Radizeski of RAD-INFO, Inc. talking telecom, Cloud, VoIP, CLEC, and The Channel.

M5 Bought by Shoretel

So news at ITEXPO is that Shoretel bought M5 Networks last night for $145M, which 3x revenue. Hope shines anew in the Cloud Comm Alliance.

UPDATE:

According to the WSJ, the value of the deal is up to $162M, including $84M in cash and the rest in stock.  M5 has about 2000 customers and revenue at about $58M.

M5 Networks migrated off the Broadsoft M6 platform to its own softswitch in 2010. It is a good sign for the Industry that a premise PBX maker sees the light and buys a Hosted PBX provider.


Tagged , , , : Related Tags:


Related Articles to 'M5 Bought by Shoretel'
PanterraUC-creative1.jpg
Hosted-seats-3Q16-synergy.jpg
WCS_2003_180Logo.png
Cloud-seats-2016.jpg
Featured Events