ShoreTel has signed a definitive agreement to acquire M5 Networks ("M5"), a recognized leader in hosted Unified Communications.  As a result of this acquisition, ShoreTel will be uniquely positioned to provide customers a choice between on-premise and hosted UC solutions. 

Under the terms of the definitive agreement, M5 shareholders will receive approximately $84 million in cash and 9.5 million shares of ShoreTel stock, which equates to a total of $146.3 million in initial consideration based on a ShoreTel’s average stock price over the prior 30 trading days. In addition, M5 shareholders may receive additional contingent consideration of up to $13.7 million. The contingent payments are payable over the two years after closing and are based upon the achievement of certain revenue performance milestones for the year ended Dec. 31, 2012.

Click here to read the complete press release from ShoreTel.

Contact SDN for more infomation about ShoreTel or our other phone systems.