About ShoreTel
ShoreTel is a company based in Sunnyvale (United States) founded in 1996 was acquired by Mitel in July 2017. 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. ShoreTel operates in a competitive market with competitors including Twilio, RingCentral, Genesys, Freshworks and Dialpad, among others.
- Headquarter Sunnyvale, United States
- Stage Public
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Sectors
Technology
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Phone
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Website
Locked
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Social
Locked
- Legal Name Shoretel Inc
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Annual Revenue
$357.76 M (USD)-1as on Jun 30, 2017
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Net Profit
-$12.44 M (USD)-160as on Jun 30, 2017
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EBITDA
-$11.59 M (USD)-443as on Jun 30, 2017
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Total Equity Funding
$88.25 M (USD)
in 4 rounds
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Latest Funding Round
$10.75 M (USD), Series D
Jan 22, 2003
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Investors
Mitel
& 9 more
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Employee Count
Not available
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Investments & Acquisitions
Agito Networks
& 4 more
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Acquired by
Mitel
(Jul 27, 2017)
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People of ShoreTel
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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.
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 |
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Expansion-stage investments in US tech and offline sectors are made.
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Investor details for ShoreTel
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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.
Investment portfolio details for ShoreTel
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- Portfolio identities
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud contact center software and business phone systems are offered.
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Locked | Locked | 2012 | Locked | |
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Cloud-based communications solutions and developer tools are provided by Corvisa.
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Locked | Locked | 2011 | Locked | |
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Enterprise mobility solutions are provided through fixed mobile convergence platforms.
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Locked | Locked | 2006 | Locked |
Complete acquisition details for ShoreTel
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- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - ShoreTel
Detailed financials for ShoreTel
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- Profit trends
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Shoretel Comparisons
Peer comparison for ShoreTel
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Competitors of ShoreTel
ShoreTel 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 Twilio, RingCentral, Genesys, Freshworks and Dialpad, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based omnichannel communication and customer engagement platform is utilized.
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Cloud-based unified communication solutions are offered to diverse sectors.
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Cloud-based omnichannel customer experience and contact center solutions are delivered.
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Cloud-based business process management suite solutions are delivered.
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Cloud-based unified communication solutions including voice and video are provided.
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Fuze, under 8x8, Inc., is recognized for providing cloud-based communication and customer experience solutions.
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Detailed competitors of ShoreTel
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Latest news on 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.
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 Freshworks.
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.