On-premise revenue stream contracted faster than expected this past quarter while Mitel's cloud-based business was growing in line with management’s expectations.
Kanata tech firm spent five years working to become a consolidator in the cloud communications market.
Little disruption expected at Kanata headquarters, CEO McBee said
CEO John Proctor says the public listing, alongside a multimillion-dollar private placement round, will fuel an "aggressive growth strategy" for the firm
More than 70 exhibitors, big and small, gathered to display their latest technology and showcase themselves to potential employees at the annual event, which attracted nearly 2,000 attendees.
Wilkinson announces retirement, backs Sudds as her successor
Technology developed by Kanata firm will be in all 30 Major League Baseball stadiums in time for the start of the 2018 season.
Mitel CEO Rich McBee said the “heavy lifting” of absorbing ShoreTel is “well advanced.”
Mitel led the local crop in 24th place, spending $129 million in R&D in fiscal 2016. That’s a slight drop from its No. 20 position the previous year.
Kanata telecom firm sees rising revenues from expanding cloud business, ShoreTel integration.