Communications professionals will have to realign their sights as giant in the field Mitel has agreed to buy Polycom to become a $2.5bn company. The two had arguably been rivals before but combining the two, in a move announced close to Easter, will create a combined collaboration and communications platform more sophisticated than was previously possible from one vendor.
Polycom will now become a Mitel brand.
“Mitel has a simple vision – to provide seamless communications and collaboration to customers. To bring that vision to life we are methodically putting the puzzle pieces in place to provide a seamless customer experience across any device and any environment,” said Mitel CEO Rich McBee. “Polycom is one of the most respected brands in the world and is synonymous with the high quality and innovative conference and video capabilities that are now the norm of everyday collaboration. Together with industry-leading voice communications from Mitel, the combined company will have the talent and technology needed to truly deliver integrated solutions to businesses and service providers across enterprise, mobile and cloud environments.”
“Together, Polycom and Mitel expect to drive meaningful value for our shareholders, customers, partners and employees around the world,” said Peter Leav, President and CEO of Polycom. “We look forward to working closely with the Mitel team to ensure a smooth transition and continued innovation to bring the workplace of the future to our customers.”
The combined company aims to be number one in cloud communications, conference phones and a number of other key areas.