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Following Mavenir purchase, Mitel buys Polycom for $1.96 billion

April 19, 2016

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Mitel announced April 15 it has entered into a definitive merger agreement to purchase video and voice conferencing firm Polycom for $1.96 billion in a cash and stock deal.

In April 2015, Mitel acquired Mavenir Systems, which provides converged IP communications systems for enterprises, service providers and mobile operators.

“Mitel has a simple vision – to provide seamless communications and collaboration to customers. To bring that vision to life we are methodically putting the puzzle pieces in place to provide a seamless customer experience across any device and any environment,” CEO Rich McBee said.

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