ShoreTel has completed its $8.5m acquisition of Corvisa, a provider of cloud-based communications solutions.
The acquisition is expected to accelerate ShoreTel's fiscal 2017 hosted revenue growth to circa 30%.
Corvisa's APIs and SDKs will facilitate third party application integration; while the addition of Corvisa's SIP trunking to the ShoreTel solution portfolio will position the vendor as a SIP trunking provider.
Corvisa's standalone cloud contact centre expands ShoreTel's presence in the contact centre market, enabling integration with non-ShoreTel communication solutions.
ShoreTel will also expand its cloud services in Europe having acquired Corvisa's Amsterdam and UK data centres.
"The addition of Corvisa's standards-based APIs, SIP trunking and standalone contact centre expands our cloud-based offering while providing new sources of hosted revenue," said Don Joos, President and CEO of ShoreTel.
"We are in the acceleration phase, focused on accelerating technology time to market, growing hosted revenue and expanding our cloud offering globally."
Matt Lautz, CEO of Corvisa, added: "We believe Corvisa's cloud contact centre coupled with ShoreTel's go-to-market expertise creates a compelling combination."