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?


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


'The touch point for me is always the customer’

clock 20 November 2023 • 4 min read


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

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
SonicWall snaps up zero-trust firm Banyan

SonicWall snaps up zero-trust firm Banyan

Second acquisition for SonicWall in two months

Kyle Alspach
clock 03 January 2024 • 1 min read