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
| Business | Deal | When | Value |
|---|---|---|---|
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 | acquisition | June 1, 2015 | expected 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 |
OaisysWord 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 | acquisition | March 4, 2014 | — |
DataNet businessWord 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 | divestiture | March 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 divestiture | On December 18, 2016 | approximately $350 million in cash, a $35 million non-interest bearing promissory note and an equity interest in Sierra Private Investments L.P. |
Mobile DivisionWord 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 | divestiture | February 28, 2017 | — |
MavenirWord 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 | acquisition | April 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 acquisition | On April 15, 2016 | — |
ShoreTelWord for word“On September 25, 2017, Mitel completed the acquisition of ShoreTel for cash consideration totaling $531.4 million.” 10-K for 2017 | acquisition | On September 25, 2017 | $531.4 million |
Mobile business unitWord 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 divestiture | On December 18, 2016 | approximately $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 | acquisition | On June 1, 2015 | $6.6 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2017-12-31 | $411 million |
Deal filings since 2016
- 2018-11-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-30 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-04-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-09-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-09-27 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-12-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-06-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-04-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
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.