Polycom said today that it plans to end its merger agreement with technology company Mitel and will instead be purchased by private equity company Siris Capital Group for $2 billion. Siris offered $12.50 per share, which is an approximate 14 percent premium over Mitel’s offer, which included both cash and stock. Siris’ offer is a […]
As the dust settles and the AV industry has begun to ingest the news of Mitel acquiring Polycom in a cash and stock transaction valued at $1.96 billion, it has to be understood that this acquisition can truly re-define UCC in the industry, as well for other markets. This is Mitel’s second acquisition in the […]
Nearly six years ago to the day, Cisco closed on its $3.3 billion acquisition of Tandberg. Although it was announced six months earlier, the path acquisition was impeded by investor challenges and regulatory hurdles. During that time, I was part of the Polycom PR machine that highlighted the fact that with Logitech’s recent acquisition of […]
Mitel and Polycom announced that the two companies have entered into a definitive merger agreement as talks had recently reached final stages after months of discussions. This has created what has been termed by both a new company with shared vision for seamless communications and collaboration – and according to a statement in a Polycom […]
A new series – I’ll be looking at news and developments in both AV and IT within the industry during the week. Cisco Announces Intent to Acquire Acano (11/20) Today, Cisco announced its intent to acquire Acano Limited, a privately held company based in London that provides collaboration infrastructure and conferencing software. Acano’s hardware and […]