About ShoreTel
ShoreTel is a Technology company based in Sunnyvale (United States) founded in 1996, and was acquired by Mitel in July 2017. IP phone systems and unified communications solutions. ShoreTel has raised $88.25 million across 4 funding rounds from investors including Mitel, J P Morgan and Icon Ventures. ShoreTel has completed 5 acquisitions, including Agito Networks, Corvisa and CorvisaCloud. Its focus areas include Enterprise Applications, Customer Service Software, Contact Center and Omnichannel. Its legal entity is SHORETEL INC. Its competitors include Twilio, RingCentral and Genesys; 3 of its 3 listed competitors have raised funding.
Company details
Shoretel provides IP phone systems and unified communications solutions for on-premises, cloud and hybrid environments. The company offers integrated voice, video, data, and mobile applications. It also provides ShoreTel Mobility for smartphone users that allows the user to communicate from any location, ShoreTel Communicator that enables to communicate through video, voice, and instant messaging, conferencing and collaboration solutions.
- Headquarters Sunnyvale, United States
- Stage Acquired
- SectorsTechnology
- Website category Computers Electronics and Technology · Telecommunications
- Website shoretel.com
- Social X
- Acquired by Mitel (Jul 2017)
- Legal Name Shoretel Inc
- Annual Revenue$357.76 M (USD)-1as on Jun 30, 2017
- Net Profit-$12.44 M (USD)-160as on Jun 30, 2017
- EBITDA-$11.59 M (USD)-443as on Jun 30, 2017
- Total Equity Funding$88.25M (USD)
in 4 rounds
- Latest Funding Round$10.75M (USD), Series D
Jan 2003
- InvestorsMitel
& 9 more
- Investments & AcquisitionsAgito Networks
& 4 more
- Acquired byMitel
(Jul 2017)
Funding Insights of ShoreTel
ShoreTel has successfully raised a total of $88.25M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $10.75 million completed in January 2003. 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.
- Total Funding $88.25M
- Total Rounds 4
- Last Round Series D — $10.75M
- First Round $19.5M
(Jul 1998)
- Investors Count 9
All 4 funding rounds of ShoreTel with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2003 | $10.75M | Series D | – | – | |
| Jun 2001 | $30M | Private Equity Round | – | – | |
| Jan 2000 | $28M | Series C | – | – | |
| Jul 1998 | $19.5M | Series B | – | – |
10 investors in total: 10 institutional.
Investors in ShoreTel
ShoreTel has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Mitel, J P Morgan and Icon Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| cpvp.com | ||||
Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors | 1995 | foundationcapital.com | Palo Alto, United States | |
Expansion-stage investments in US tech and offline sectors are made. | focusventures.com | Palo Alto, United States | ||
Early-stage ventures are funded by the investment firm. | matrix.vc | San Francisco, United States | ||
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
| charterventures.com | ||||
Sector-agnostic growth stage VC investment company funding companies in the US and Asia | 1992 | iconventures.com | Palo Alto, United States | |
Global financial advisory services are provided by the firm. | lehman.com | New York, United States | ||
Comprehensive financial services are provided to corporations and individuals. | 1799 | jpmorgan.com | New York, United States | |
Unified communication platforms are managed via cloud-based systems. | 1973 | mitel.com | Ottawa, Canada |
Investor details for ShoreTel
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People of ShoreTel
16 people are tracked at ShoreTel (4 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
Jeff Martin | Operations/facilities Director | Leadership |
Noneof Yourbusiness | Sr Director Business Development | Leadership |
Cindy Mosbauer | Partner Business Manager - At&t | Leadership |
Peter Woo | Director Of Business Development, Asia | Leadership |
Charlie O'Connell | Sr Sales Operations Manager | Team |
Jane Mitchell | Recruiter | Team |
Lorena Legarreta | HR Admin | Team |
Meenakshi Kuli | Corporate Recruiter | Team |
Grace Chow | Finance Manager | Team |
Mary Lou Sanchez | Credit/collections Analyst | Team |
Susan Guerra | Major Account Sales | Team |
Barbara Santos | National Sales Contracts Manager (a Contract Position) | Team |
Marylou Wallner | Area Sales Manager | Team |
Cat Priester | Global Channel Resource Manager | Team |
Brandon Webb-Fezer | Support Representative | Team |
Roxanne Morris | Senior Salesforce Analyst/administrator/developer | Team |
Complete people profiles for ShoreTel
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- Team structure
- Board tenure
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Investments & Acquisitions by ShoreTel
ShoreTel has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Agito Networks, Corvisa and CorvisaCloud.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud contact center software and business phone systems are offered. | corvisacloud.com | Milwaukee, United States | 2012 | Dec 2015 | $8.5M | |
Cloud-based communications solutions and developer tools are provided by Corvisa. | corvisa.com | Milwaukee, United States | 2011 | Dec 2015 | $8.5M | |
Networking solutions are provided in Australia since 2002. | m5networks.com.au | Richmond, Australia | 2002 | Feb 2012 | $146.3M | |
Cloud-based telephony and unified communications are offered to businesses. | m5net.com | New York, United States | 2000 | Feb 2012 | $146.3M | |
Enterprise mobility solutions are provided through fixed mobile convergence platforms. | agitonetworks.com | Santa Clara, United States | 2006 | Oct 2010 | $11.4M |
Complete acquisition details for ShoreTel
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- Complete history
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Timeline of ShoreTel
10 dated milestones of ShoreTel across 21 years, from founding to its latest funding, stage changes and deals.
- Founded ShoreTel is founded.
- Funding First funding round of $19.5M.
- Funding Latest funding round, Series D, of $10.8M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Agito Networks.
- Acquisition Acquires M5 Networks.
- Acquisition Acquires M5 Net.
- Acquisition Acquires Corvisa.
- Acquisition Acquires CorvisaCloud.
- Exit Acquired by Mitel.
Competitors of ShoreTel
ShoreTel has 3 listed competitors in our database, 3 of them funded. They include Twilio, RingCentral and Genesys.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| twilio.com | 2008 | San Francisco, United States | $239.77M | 231 | Cloud-based omnichannel communication and customer engagement platform is utilized. | |
| ringcentral.com | 1999 | Belmont, United States | $44M | 4,084 | Cloud-based unified communication solutions are offered to diverse sectors. | |
| genesys.com | 1990 | Daly, United States | $2.98B | 651 | Cloud-based omnichannel customer experience and contact center solutions are delivered. |
Detailed competitors of ShoreTel
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of ShoreTel
The website of ShoreTel (shoretel.com) receives about 7.6K visits a month and ranks #2,254,279 among all websites worldwide, #8,483 in Telecommunications.
- Monthly visits7.6K
▼ 25.5% vs previous month
- Unique visitors2.5K
per month
- Global rank#2,254,279
among all websites
- Category rank#8,483
Computers Electronics and Technology · Telecommunications
- Bounce rate36%
- Pages per visit2.9
- Average visit9 min 08 sec
- DevicesDesktop 52% · Mobile 48%
Websites whose visitors overlap most with ShoreTel. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
shoretelsky.com | shoretelsky.com | 100% | – | ||
| avaya.com | 100% | 432.4K | #115,660 | View details | |
| altigen.com | 84% | 3.5K | #5,230,518 | View details | |
| zultys.com | 81% | #1,712,661 | View details | ||
| vertical.com | 78% | 9.2K | #2,683,010 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for ShoreTel
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Enterprise Collaboration & Video Tools
3 companies that operate in the same segment as ShoreTel (Enterprise Collaboration & Video Tools) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based team communication and collaboration platform is provided. | 2009 | San Francisco, California, United States | USD 1.22 B | 2,555 | ||
Collaborative platform for design prototyping and feedback is provided. | 2012 | San Francisco, California, United States | USD 748.62 M | 2,877 | ||
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 4,447 |
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Related news about Shoretel
Complete news archive for ShoreTel
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Frequently Asked Questions about ShoreTel
ShoreTel was founded in 1996 and raised its 1st funding round 2 years after it was founded.
ShoreTel is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
ShoreTel is a funded company, having raised a total of $88.25M across 4 funding rounds to date. The company's 1st funding round was a Series B of $19.5M, raised on Jul 1998.
Annual revenue of ShoreTel is $357.76M as on Jun 30, 2017.
Shoretel provides IP phone systems and unified communications solutions for on-premises, cloud and hybrid environments. The company offers integrated voice, video, data, and mobile applications. It also provides ShoreTel Mobility for smartphone users that allows the user to communicate from any location, ShoreTel Communicator that enables to communicate through video, voice, and instant messaging, conferencing and collaboration solutions.
ShoreTel's top competitors include Twilio, Genesys and RingCentral.
ShoreTel has made 5 acquisitions, including Agito Networks, Corvisa, and CorvisaCloud.
ShoreTel has 10 investors. Key investors include Mitel, J P Morgan, Icon Ventures, Norwest Venture Partners, and Foundation Capital.
ShoreTel operates through Shoretel Inc.
Yes. ShoreTel was acquired by Mitel in July 2017.