From Wall Street – Mitel – CY2017-Q4

A UC industry darling battles to return to profitability


Founded in January of 2001, Canada-based Mitel is a leading provider of business communication solutions to small and medium-sized businesses.  As of the end of 2017, the company claimed to have 70 million end-users across ~ 100 countries, including more than one (1) million cloud-based unified communications as a service (UCaaS) subscribers.

The company’s revenues come from three areas:

  • Enterprise products
  • Enterprise services
  • Cloud

Mitel offers a broad range of customer premises (CPE / on-site) unified communications and collaboration (UC&C) solutions.  For the most part, these offerings are centered around voice platforms / PBXs and associated services.  Revenues from these areas are reported as Mitel’s Enterprise segment.  This portfolio also includes virtualized, cloud-enabled and software-based capabilities and desktop and mobile applications.

The Cloud segment offers businesses of all sizes a full range of private, public, hybrid and mobile Software as a Service (SaaS) solutions.  The company’s cloud portfolio includes contact center and UCaaS solutions that enable businesses to pay for their communications services on a monthly subscription basis.