Tech Company M&A Transactions
M5 Networks Acquisition
Headquartered in New York, M5 Networks was bought by ShoreTel. The parties disclosed the acquisition price to be $160 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/2/2012
Transaction Type
M&A
Amount
$160,000,000
M&A Terms
M5 shareholders will receive approximately $84 million in cash and 9.5 million shares of ShoreTel stock, which equates to a total of $146.3 million in initial consideration based on a ShoreTel's average stock price over the prior 30 trading days. In addition, M5 shareholders may receive additional contingent consideration of up to $13.7 million. The contingent payments are payable over the two years after closing and are based upon the achievement of certain revenue performance milestones for the year ended Dec. 31, 2012.
Company Information
Company Status
Acquired or Merged
Industry
Telecom
Mailing Address
245 West 17th Street
New York, NY 10011
USA
New York, NY 10011
USA
Phone
Website
Email Address
Overview
M5 is a trusted hosted business VoIP phone system provider with proven customer satisfaction.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dan Hoffman
Chief Financial Officer
Gary Deutsch
Chief Technical Officer
Eric Raab
Executive Vice President
Phillip Kim
VP - Marketing
Heather Bennett
VP - Operations
Benjamin Irvine
VP - Sales
Brian Klansky
Browse more venture capital transactions:
Prev: 2/2/2012: Jemstep venture capital transaction
Next: 2/2/2012: Bday Gift Finder venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs