Sir Terry Matthews sells Mitel to private investment firm Searchlight for $2 billion

Nicholas Fearn
clock • 2 min read

Mitel joins Rackspace in portfolio of Searchlight Capital following $2 billion deal

Communications giant Mitel, co-founded by Welsh entrepreneur and ex-BT trainee Sir Terry Matthews, is to be acquired by private investment firm Searchlight in a deal valuing the company at $2 billi...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
How to secure investment - and keep it: CTO Kingsley Hibbert

Management

'The touch point for me is always the customer’

clock 20 November 2023 • 4 min read

Corporate

Infrastructure scale is a ‘solved problem’, but software, people and applications still challenge IT leaders

clock 28 September 2023 • 4 min read
Musk 'switched off Starlink in Ukraine over nuclear fears' - updated

Cloud and Infrastructure

Russian officials scared billionaire with 'mini Pearl Harbour' scenario

clock 08 September 2023 • 3 min read

More on Mergers and Acquisitions

Government approves takeover of Newport Wafer Fab

Government approves takeover of Newport Wafer Fab

Previous owner forced to sell stake over links to China

clock 04 March 2024 • 2 min read
Cisco-Splunk deal: Europe sets March deadline for antitrust decision

Cisco-Splunk deal: Europe sets March deadline for antitrust decision

The regulator is currently scrutinising whether the acquisition might negatively impact competition

clock 12 February 2024 • 3 min read
HPE to buy Juniper Networks for $14bn

HPE to buy Juniper Networks for $14bn

Juniper's stock jumped 22% on the news

Gina Narcisi
clock 09 January 2024 • 2 min read