Mitel, a provider of business communications, completed the acquisition of a majority stake in ShoreTel, a telecommunications vendor, for $530m. “Digital transformation is rapidly changing business models in every industry and every corner of the globe, opening the door to disruptive opportunities for companies to grow and compete. For businesses, moving to a cloud communications and collaboration system inside their own organizations is a natural first step on their digital transformation journey. Mitel and ShoreTel are now stronger together and even better equipped to help take our customers to the cloud, seamlessly and simply,” Rich McBee, Mitel President and Chief Executive Officer.