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Mitel To Acquire Mavenir Systems

Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, and Mavenir Systems (NYSE:MVNR), a leading provider of software-based networking solutions for mobile carriers, today announced that that they have entered into a definitive merger agreement in which Mitel will acquire all of the outstanding shares of Mavenir common stock in a cash and stock deal valued at approximately $560 million.

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Aastra IP Phones Now Available in Japan

AINEO Networks, the distributor for Mitel Networks products in Japan and Korea, announced today the availability of Aastra products in Japan. Mitel made public its intensions to acquire Aastra in November of 2013. With this acquisition, Mitel became a $1B USD company in early 2014.

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