|Mitel Sells DataNet CommSource Business Unit to EarthBend
OTTAWA and SIOUX FALLS, S.D., March 1, 2013 (GLOBE NEWSWIRE) --
Mitel(R) (Nasdaq:MITL) (TSX:MNW), a leading provider of cloud and
premises-based unified communications software solutions, today
announced it has completed the sale of its DataNet CommSource business
unit ("DataNet") in Sioux Falls to EarthBend, a provider of telephony
and IT solutions with headquarters in the U.S. Midwest.
Effective immediately, all DataNet CommSource employees have
transitioned to EarthBend, positioning them to provide seamless
continuity of service to existing DataNet CommSource customers and
"I am excited to be joining an experienced team of more than 40
dedicated employees, led by General Manager Ryan Donovan, who will
continue serving customers in the Midwest market and across Mitel's
extensive channel," said Rob Beyer, president and CEO of EarthBend. "We
will continue to provide voice, data and infrastructure solutions and
services to our customers and invest in key technical expertise to
support our customers' needs."
The divestiture of DataNet CommSource is part of Mitel's ongoing
strategy to simplify and focus the company's core business. With
Mitel's shift to an indirect go-to-market model, the business need and
rationale to maintain a direct value added distribution unit and value
added reseller business has diminished.
"Employees and partners are cornerstones of Mitel's business and
corporate values," said Richard McBee, president and CEO of Mitel.
"With EarthBend, I am delighted that we identified a buyer that
recognizes the skills and talent inherent in DataNet CommSource
employees, and also the growth opportunity associated with ongoing
support of Mitel's channel business in the U.S."
As previously announced in March 2012, Mitel has been exploring the
sale of DataNet and therefore Mitel's financial results have presented
DataNet's operations as discontinued operations since that time. For
more information about the financial results of DataNet, please see
Mitel's 10-Q filed with the Securities & Exchange Commission for the
quarter ended January 31, 2013.
Sagent Advisors LLC served as financial advisor to Mitel on the
The principals of EarthBend have been distributing telephony
peripherals and IT solutions to a vast group a telecommunication
resellers since 1993. In addition to their US and Canadian distribution
footprint, EarthBend has been serving clients directly in the Midwest
for 30 years. Today EarthBend serves as an extension of their 3,000
plus customers providing highly qualified engineers with key
certifications from some of the largest voice, data, and technology
manufacturers in the industry. Their offerings are highly scalable,
secure, easily managed, and optimized to meet their evolving customer
needs with an extreme focus on delivering cost-effective solutions and
best-in-class customer satisfaction.
Mitel(R) (Nasdaq:MITL) (TSX:MNW) is a global provider of unified
communications and collaboration (UCC) software, solutions and services
that enable organizations to conduct business anywhere, over any medium
with the device of their choice. Through a single cloud-ready software
stream, Mitel's Freedom architecture provides customers in over 100
countries the flexibility and simplicity needed to support today's
dynamic work environment. For more information visit www.mitel.com.
The Mitel Networks Corporation logo is available at
Mitel and the Mitel logo are registered trademarks of Mitel Networks
All other trademarks are the property of their respective owners.
CONTACT: EarthBend Contacts
Brandi Mentele, Marketing Manager, 605-373-5504
Amy MacLeod (media)
Malcolm Brown (industry analysts)
Alice Kousoum/Cynthia Hiponia (investor relations)