ShoreTel

ShoreTel

Provider of brilliantly simple IP phone systems and unified communications solutions for the cloud, onsite or a hybrid combination. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
EUR20152016
R&D budget49.0m64.0m

Source: Dealroom estimates

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DateInvestorsAmountRound

$30.0m

Late VC

$11.0m

Series F

$3.5m

Series G

$10.0m

Series H
N/A

$75.1m

Valuation: $392m

IPO

$530m

Valuation: $530m

Acquisition
Total Funding€49.5m

Recent News about ShoreTel

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More about ShoreTelinfo icon
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ShoreTel, now part of Mitel, specializes in providing unified communications solutions tailored for small, midsize, and enterprise businesses. Operating in the telecommunications market, ShoreTel offers a comprehensive suite of services including VoIP (Voice over Internet Protocol), cloud communications, and contact center solutions. The company serves a diverse range of clients across various sectors such as healthcare, hospitality, education, government, sports, and entertainment. ShoreTel's business model revolves around subscription-based services, where clients pay for the use of their communication tools on a recurring basis. This model ensures a steady stream of revenue while providing continuous support and updates to their clients. The company makes money through these subscriptions, as well as through the sale of hardware and professional services.

Keywords: Unified communications, VoIP, cloud communications, contact center, subscription-based, telecommunications, healthcare, hospitality, education, government.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by ShoreTel

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M5 Networks
ACQUISITION by ShoreTel Feb 2012
Agito Networks
ACQUISITION by ShoreTel Oct 2010
CorvisaCloud
ACQUISITION by ShoreTel Jan 2016