The news reports that caught my eye this week:
ShoreTel acquires M5 Networks
ShoreTel’s 2Q2012 revenue came in at +22% year-over-year (quarterly net loss of $2.5 million) — not bad for a company that hasn’t dug deep into the cloud. But that’s all about to change as it scoops up cloud communications provider M5 Networks for $146.3 million in cash and stock.
No doubt that ShoreTel was able to nip at the traditional premise voice market by being aggressive and signing on major partners (Ingram Micro, Windstream, and HP). Really, being up 22% Y0Y is impressive especially in this economy where most money is being spent on cloud solutions. The M5 Networks pickup will definitely strengthen its offerings and expand the customer base.
West Interactive releases Holly 6.0 (?!)
The acquisition of Holly Connects was announced in May 2010. For an year and a half we don’t hear a blip about it…
Then this pops up in my news feed that got me all excited. But no corresponding link to an official press release or even a blog post.
Nothing on West Interactive’s website, either. In fact, the last news listed there was dated August 11, 2011.
Hmmm, anything from @WestInteractive? Plenty of tweets but nothing about the major release of Holly 6.
I can’t wait to hear more about the TuVox acquisition, if any news ever makes it out officially…