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On the Record · Mitel Networks

Mitel Networks acquisitions, on the record

The businesses Mitel Networks bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Mavenir Systems, Inc.
Word for word“The aggregate consideration paid by us in connection with the acquisition of Mavenir was $545.3 million, which includes $353.3 million of cash and 19.7 million Mitel common shares valued at $189.2 million.” 10-K for 2015
acquisition—$545.3 million
TigerTMS Ltd. (Tiger)
Word for word“On June 1, 2015, we completed the acquisition of TigerTMS Ltd. (“Tiger”) for expected total consideration of $8.6 million.” 10-K for 2015
acquisitionJune 1, 2015expected total consideration of $8.6 million
Aastra Technologies Ltd. (Aastra)
Word for word“We acquired all of the outstanding Aastra common shares in exchange for $80.0 million cash as well as the issuance of 44.2 million Mitel common shares.” 10-K for 2015
acquisition—$80.0 million cash as well as the issuance of 44.2 million Mitel common shares
Oaisys
Word for word“On March 4, 2014, we completed the acquisition of Oaisys, a leading developer of integrated call recording and quality management solutions.” 10-K for 2015
acquisitionMarch 4, 2014—
DataNet business
Word for word“In March 2013, we completed the sale of our DataNet business, which distributed a wide variety of third-party telephony and data products and related services.” 10-K for 2015
divestitureMarch 2013—
prairieFyre Software Inc. (prairieFyre)
Word for word“The purchase price, net of cash acquired, was $23.1 million for a 100% equity ownership interest in prairieFyre.” 10-K for 2015
acquisition—$23.1 million
Mobile Division (Mobile business unit) to the parent company of Xura, Inc.
Word for word“On December 18, 2016, Mitel entered into a definitive agreement to divest its Mobile business unit to the parent company of Xura, Inc. (“Xura”) for approximately $350 million in cash, a $35 million non-interest bearing promissory note and an equity interest in Sierra Private Investments L.P., the limited partnership that will own both Xura and the Mobile business unit.” 10-K for 2016
agreed divestitureOn December 18, 2016approximately $350 million in cash, a $35 million non-interest bearing promissory note and an equity interest in Sierra Private Investments L.P.
Mobile Division
Word for word“On February 28, 2017, we completed the sale of our Mobile Division to the parent company of Xura, Inc..” 10-K for 2016
divestitureFebruary 28, 2017—
Mavenir
Word for word“On April 29, 2015, we completed our exchange offer to acquire all of the outstanding shares of common stock of Mavenir.” 10-K for 2016
acquisitionApril 29, 2015—
Polycom, Inc.
Word for word“On April 15, 2016, Mitel and Polycom, Inc. (“Polycom”) (NYSE:PLCM) entered into a definitive merger agreement under which Mitel agreed to acquire all of the outstanding shares of Polycom common stock in a cash and stock transaction.” 10-K for 2016
agreed acquisitionOn April 15, 2016—
ShoreTel
Word for word“On September 25, 2017, Mitel completed the acquisition of ShoreTel for cash consideration totaling $531.4 million.” 10-K for 2017
acquisitionOn September 25, 2017$531.4 million
Mobile business unit
Word for word“On December 18, 2016, Mitel entered into a definitive agreement to divest its Mobile business unit to the parent company of Xura, Inc. (“Xura”) for approximately $350.0 million in cash, a $35.0 million non-interest bearing promissory note and an equity interest in Sierra Private Investments L.P., the limited partnership that will own both Xura and the Mobile business unit.” 10-K for 2017
agreed divestitureOn December 18, 2016approximately $350.0 million in cash
TigerTMS Ltd.
Word for word“On June 1, 2015, we completed the acquisition of TigerTMS Ltd. (“Tiger”) for expected total estimated consideration of $6.6 million.” 10-K for 2017
acquisitionOn June 1, 2015$6.6 million
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2017-12-31$411 million

Deal filings since 2016

Read from Mitel Networks’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-02-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.