PHOENIX, March 1, 2011 (GLOBE NEWSWIRE) -- Mitel (Nasdaq:MITL), a leading provider of unified communications (UC) software solutions, today announced the execution of a new, five-year contract with the New York City Department of Education. Under the terms of the agreement, Mitel will be the exclusive provider of communications solutions for the next 300 New York City schools that plan to replace their existing voice systems. The contract is valued at approximately $43 million over five years.
The Department of Education selected Mitel for its service excellence and the return on investment of Mitel solutions. These new deployments will increase Mitel's footprint to approximately 700 New York schools. Prior to this selection, the Department of Education had split its voice deployments for its schools between multiple providers, including Mitel.
" Mitel has an excellent track record with the Department of Education and the proposal they put forth was in line with what we were looking to achieve. That made Mitel an easy choice when choosing an exclusive communications solutions provider," said Mark Spencer, senior director of telecom services for the Department of Education. "Installing the Mitel solution for these 300 schools means we will be equipped to take advantage of IP applications in the future that enhance the safety and security of our schools and help them run more efficiently."The Department of Education's new communications solution is based on the Mitel Freedom architecture, a single, cloud-ready software stream that delivers a full range of communications options for organizations looking to integrate a voice solution into best-in-class networks and applications. "We applaud the New York City Department of Education's decision to invest in its schools by selecting a vendor that can provide the communications network they need today with the flexibility to adopt advanced UC applications in the future," said Matt Oess, vice-president of Mitel's Global, National, and Government accounts. "This strategy will help to drive lower total cost of ownership and deliver enhanced communications with faculty, students, parents, and staff."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV