ShoreTel, Inc. (SHOR) said Monday that it has completed its acquisition of M5 Networks as of March 22.
The deal was announced last month.
With the addition of M5's hosted Unified Communications to its portfolio, ShoreTel is in a unique position to offer both on-premise and hosted VoIP and UC solutions. This will enable ShoreTel to attract new customers, open new channels, and increase revenue streams at a time when companies are increasingly considering cloud-based services.
Effective Monday, M5 is the ShoreTel Cloud Division, based in New York, led by Dan Hoffman as president and general manager.
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