Mitel Acquires Contact Center Call Recording Supplier OAISYS

Mar 04, 2014

OTTAWA, March 4, 2014 (GLOBE NEWSWIRE) -- Mitel® (Nasdaq:MITL) (TSX:MNW) today announced the acquisition of contact center supplier OAISYS, a leading developer of integrated call recording and quality management solutions. Consistent with Mitel's strategy to rapidly expand the company's presence in the contact center space, the acquisition of OAISYS further strengthens Mitel's position in this growing market. Financial terms of the transaction were not disclosed.

OTTAWA, March 4, 2014 (GLOBE NEWSWIRE) -- Mitel® (Nasdaq:MITL) (TSX:MNW) today announced the acquisition of contact center supplier OAISYS, a leading developer of integrated call recording and quality management solutions. Consistent with Mitel's strategy to rapidly expand the company's presence in the contact center space, the acquisition of OAISYS further strengthens Mitel's position in this growing market. Financial terms of the transaction were not disclosed.

With a significant focus on leveraging customer service and retention as a tool to unlock growth and revenue potential, the OAISYS acquisition coincides with the rapid emergence of customer-facing contact center applications as a key buying consideration for many organizations. The contact center call recording and quality management solutions offered by OAISYS enable data to be converted into actionable business intelligence that is increasingly a valuable asset for organizations of all sizes.

"Contact Centers have become the front line for businesses looking to harness customer insight and intelligence to deliver competitive advantage and drive growth, and the acquisition of OAISYS is a logical next step in Mitel's strategy and solution to address that market demand," said Richard McBee, President and CEO, Mitel. "With OAISYS, Mitel partners and customers will have the critical capabilities they need to unlock, extract and leverage business data."

An existing member of the Mitel Solutions Alliance with Preferred Gold Partner status, the OAISYS portfolio seamlessly integrates with Mitel's flagship MiContact Center platform, including the company's recently announced release. Over time, the OAISYS solution will also be integrated into the Aastra contact center platform, Solidus eCare, and the MiContact Center for Lync platform, as part of routine portfolio integration.

"Mitel is a natural fit for OAISYS as we look to expand and grow our product range and reach," said Brian Spencer, CEO of OAISYS. "Full integration into the multi-platform contact center portfolio of a major multi-national vendor like Mitel opens the doors for us to take our products to new platforms, new partners and new markets."

Effective immediately, OAISYS becomes part of the Mitel Products and Solutions Business Unit. The group will report to Chris Courneya, Mitel Vice President and General Manager, Contact Centers. Brian Spencer joins Mitel as Director of Business Development for Mitel Contact Centers reporting to Chris.

The OAISYS acquisition is the latest in a series of strategic business development activities by Mitel designed to capture and drive profitable growth in the consolidating business communications market. This is Mitel's second contact center-related acquisition within the last year, following the successful integration of prairieFyre last summer. In January, Mitel also completed its merger with Aastra Technologies.

About Mitel

Mitel® (Nasdaq:MITL) (TSX:MNW) is a global leader in business communications that easily connect employees, partners and customers -- anywhere, anytime and over any device, for the smallest business to the largest enterprise. Mitel offers customers maximum choice with one of the industry's broadest portfolios and the best path to the cloud. With more than US$1 billion in combined annual revenue, 60 million customers worldwide, and #1 market share in Western Europe, Mitel is a clear market leader in business communications. For more information, go to www.mitel.com.

Forward Looking Statements

Some of the statements in this press release are forward-looking statements (or forward-looking information) within the meaning of applicable U.S. and Canadian securities laws. These include statements using the words target, outlook, may, will, should, could, estimate, continue, expect, intend, plan, predict, potential, project and anticipate, and similar statements which do not describe the present or provide information about the past. There is no guarantee that the expected events or expected results will actually occur. Undue reliance should not be placed on such statements. Such statements reflect the current views of management of Mitel and are subject to a number of risks and uncertainties, which could cause actual results and developments to differ materially.  Material risks that could cause forward looking statements to change results of operations to differ include: intense competition; reliance on channel partners for a significant component of sales; dependence upon a small number of outside contract manufacturers to manufacture products; the ability to successfully integrate Mitel's acquisition of Aastra and realize certain synergies; and, Mitel's ability to implement and achieve its business strategies successfully, including the acquisition of OAISYS. Additional risks are described under the heading "Risk Factors" in Mitel's Annual Report on Form 10-K and Aastra's Annual Information Form and risks related to Mitel's acquisition of Aastra can be found in the Aastra's management proxy circular, dated December 11, 2013. Forward-looking statements speak only as of the date they are made. Except as required by law, we do not have any intention or obligation to update or to publicly announce the results of any revisions to any of the forward-looking statements to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements.

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