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US: Partners stunned as Polycom terminates Mitel merger

By  |  July 10, 2016

The merger between global unified communications vendors Polycom and Mitel was terminated Friday, leaving Polycom channel partners stunned.

Instead of Mitel buying Polycom, a move that was disclosed earlier this year, private equity firm Siris Capital Group will now acquire Polycom for $2 billion with plans to take the San Jose, Calif.-based company private, according to releases Friday from Polycom and Siris Capital Group.

“This is shocking to hear,” said an executive from a solution provider that partners with Polycom and Cisco Systems, who declined to be identified. “The last I heard, they were working to get [Polycom] partners up to speed with Mitel and how the merger would be playing out. … I can’t believe it fell apart like this in the eleventh hour. We didn’t hear a thing. There’s a lot of uncertainty now on the table.”

Full Content: CRN

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