About Mitel
Mitel is a company based in Ottawa (Canada) founded in 1973 was acquired by Searchlight Capital in April 2018. Mitel has raised $1.01 million across 8 funding rounds from investors including Francisco Partners and Searchlight Capital. The company has 430 employees as of October 31, 2024. Mitel has completed 9 acquisitions, including E-smith.com, Mavenir and OAISYS. Mitel operates in a competitive market with competitors including 1&1 IONOS, Vonage, BlueCat, Viatel and Arkadin, among others.
- Headquarter Ottawa, Canada
- Employees 430 as on 31 Oct, 2024
- Stage Public
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
$1.06 B (USD)7as on Dec 31, 2017
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Net Profit
-$49.7 M (USD)77as on Dec 31, 2017
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EBITDA
-$31.8 M (USD)-164as on Dec 31, 2017
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Total Equity Funding
$1.01 M (USD)
in 8 rounds
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Latest Funding Round
$1.48 B (USD), Debt – Conventional
Dec 03, 2018
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Investors
Francisco Partners
& 1 more
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Employee Count
430
as on Oct 31, 2024
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Investments & Acquisitions
E-smith.com
& 8 more
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Acquired by
Searchlight Capital
(Apr 24, 2018)
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People of Mitel
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Sales and Marketing
124 people
Software Development Team
101 people
Leadership Team
34 people
Senior Team
31 people
Operations Team
19 people
Finance and Accounting
18 people
Channel Team
15 people
Data Analysis and Operations Team
13 people
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Funding Insights of Mitel
Mitel has successfully raised a total of $1.01M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.48 billion completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Mitel
Mitel has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Francisco Partners and Searchlight Capital.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm focused on technology sector
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Private equity firm focused on multiple sectors
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Locked | Locked | Locked |
Investor details for Mitel
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Investments & Acquisitions by Mitel
Mitel has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include E-smith.com, Mavenir and OAISYS.
Investment portfolio details for Mitel
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Books across multiple categories are published by E-smith.com.
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Locked | Locked | 2013 | Locked | |
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Cloud-based telephony services are provided to business sectors.
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Locked | Locked | 2009 | Locked | |
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Unified communications software is developed and deployed for enterprises.
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Locked | Locked | 2008 | Locked |
Complete acquisition details for Mitel
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Financial Statements - Mitel
Detailed financials for Mitel
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Mitel Comparisons
Peer comparison for Mitel
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Competitors of Mitel
Mitel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 1&1 IONOS, Vonage, BlueCat, Viatel and Arkadin, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Provider of contact center business communication solutions
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| Locked | Locked | Locked |
Cloud-based DNS, DHCP appliances, and security solutions are provided.
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| Locked | Locked | Locked |
Connectivity, voice, and data center solutions are provided by Viatel.
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| Locked | Locked | Locked |
Global audio, web, and video conferencing solutions are provided.
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| Locked | Locked | Locked |
Business telecom and contact center services are provided to enterprises.
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Detailed competitors of Mitel
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Latest news on Mitel
Complete news archive for Mitel
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Frequently Asked Questions about Mitel
Mitel was founded in 1973 and raised its 1st funding round 29 years after it was founded.
Mitel is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Mitel is a funded company, having raised a total of $1.01M across 8 funding rounds to date.
As of Oct 31, 2024, the latest employee count at Mitel is 430.
Annual revenue of Mitel is $1.06B as on Dec 31, 2017.
The company was founded in 1973 in Ottawa, Canada, and focuses on unified communications within sectors such as healthcare, hospitality, government, and education. Cloud-based platforms are provided for IP telephony, appliances, and desktop devices, alongside applications that integrate voice, video, and data with business tools. Services encompass video conferencing, messaging, team chat, voice response, automatic call distribution, workforce optimization, and omnichannel management.
Mitel has made 9 acquisitions, including E-smith.com, Mavenir, and OAISYS.
Mitel has 2 investors. Key investors include Francisco Partners, and Searchlight Capital.