Aastra Technologies
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Type | Public company |
---|---|
TSX: AAH | |
Industry | Telecommunications |
Founded | 1983 |
Defunct | 2014 |
Fate | Acquired by Mitel Networks Corporation |
Headquarters | Concord, Ontario, Canada |
Key people | Francis Shen, Chairman & Co-CEO Anthony Shen, Co-CEO, President, & COO |
Revenue | $834 million CAD (2009) [1] |
$45 million CAD (2009) [1] | |
Number of employees | 1,690 (2008)[2] |
Website | www |
Aastra Technologies Limited, formerly headquartered in Concord, Ontario, Canada, made products and systems for accessing communication networks, including the Internet. Its products included residential and business telephone terminals, screen telephones, Enterprise private branch exchanges (PBX), network access terminals and high-quality digital video encoders, decoders and gateways. Residential telephone equipment was sold in the United States as Bell equipment by Sonecor brand, which represented Southern New England Telecommunications.
Mitel Networks Corporation announced on November 11, 2013, that it would acquire Aastra Technologies Ltd. in a stock and cash deal valued at about $400 million.[3]
History[edit]
- In 1983, Francis Shen and Hugh Scholaert bought an engineering consulting company (Aerospace & Defense Market).
- In 1993, the company started to specialise in telecommunications to develop and market products and systems to access communication networks.[4]
- In 1996, listing as a public company in Canada.
Mergers, acquisitions and sales[edit]
- In 2000, Aastra acquired assets of Nortel Networks Access Solutions Division including the rights to manufacture phones under the Nortel name.[citation needed]
- In 2001, Aastra acquired Lucent Technologies' Digital Video business[5] and Ericsson Cable Modem.
- In 2002, Aastra acquired Nortel CVX & CSG Division.
- In 2003, Aastra acquired the ASCOM PBX System Division.
- In 2005, 75% of Aastra Technologies' sales were made in Europe, having purchased that year the EADS Enterprise Telephony Business and the DeTeWe Telecommunication Systems business (Germany), with 17% in the United States, and only 5% in Canada.[1]
- In 2008, Aastra received Internet Telephony's Best of Show Award for 2007 for Best Large Enterprise Solution.[6]
- In 2008, Aastra acquired the enterprise PBX division of Ericsson,[7][8] best known for MD110/MX-ONE Telephony Switch.
- In January 2014, Mitel acquired Aastra.[9]
See also[edit]
References[edit]
- ^ a b c "Aastra quarterly reports". Archived from the original on December 2, 2010.
- ^ "Company Profile for Aastra Technologies Limited (CA;AAH)". Zenobank. Retrieved October 6, 2008.
- ^ "Mitel buys Aastra in $400M telecom merger". CBC News. November 11, 2013. Retrieved November 18, 2013.
- ^ "Unified Communications Industry Consolidation – Lessons Learned from Ericsson Acquisition". Frost & Sullivan. October 2009. Retrieved October 21, 2009.
- ^ "Lucent Sells Video to Aastra". Light Reading. September 28, 2001. Retrieved June 29, 2021.
- ^ Grigonis, Richard (March 2008). "2008 Internet Telephony Best of Show Awards". Internet Telephony. Retrieved January 21, 2009.
- ^ "Aastra Technologies to acquire Ericsson's Enterprise Communication Business" (Press release). Aastra. February 18, 2008. Archived from the original on July 4, 2014. Retrieved February 18, 2008.
- ^ "Ericsson to divest its enterprise PBX solutions to Aastra Technologies" (Press release). Ericsson. February 18, 2008. Archived from the original on December 20, 2008. Retrieved November 7, 2008.
- ^ "Mitel Networks buys Aastra Technologies in friendly takeover deal to create bigger high-tech player" (Press release). Aastra. November 11, 2013. Retrieved November 11, 2013.
External links[edit]
Categories:
- Companies formerly listed on the Toronto Stock Exchange
- Canadian companies established in 1983
- Telecommunications companies established in 1983
- 1983 establishments in Ontario
- Telecommunications companies of Canada
- Electronics companies of Canada
- Companies based in Vaughan
- VoIP companies of Canada
- Teleconferencing
- 1996 initial public offerings
- 2014 mergers and acquisitions