One of Wesley Clovers companies, Mitel has this morning announced a takeover from Searchlight Investments to take Mitel back into private hands in a deal worth approximately $2 Billion US dollars.
A global market leader in business communications powering more than two billion business connections, Mitel helps businesses and service providers connect, collaborate and provide innovative services to their customers. Mitel’s innovation and communications experts serve more than 70 million business users in more than 100 countries.
Searchlight is a global private investment firm with offices in New York, London and Toronto. Searchlight seeks to invest in businesses where their long-term capital and strategic support accelerate value creation for all stakeholders.
Mitel work with several of our sister companies across the world but in Wales their preferred partner is Talkative, a contact centre solution company offering several levels of customer contact technology including video conferencing and their revolutionary co-browsing solution. They ultimately bring high street levels of customer service and engagement into your web browser. A very exciting application.
“Mitel has succeeded for 45 years because of persistent innovation and relentless focus on delivering shareholder value. Our Board determined that this transaction, upon closing, will deliver immediate, significant and certain cash value to our shareholders. It also affirms the tremendous value and market leadership of Mitel. We believe this transaction will provide Mitel with additional flexibility as a private company to pursue the company’s move-to-the-cloud strategy.”