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Mitel Sells DataNet CommSource Business Unit To EarthBend

Stocks in this article: MITL

OTTAWA and SIOUX FALLS, S.D., March 1, 2013 (GLOBE NEWSWIRE) -- Mitel® (Nasdaq:MITL) (TSX:MNW), a leading provider of cloud and premises-based unified communications software solutions, today announced it has completed the sale of its DataNet CommSource business unit ("DataNet") in Sioux Falls to EarthBend, a provider of telephony and IT solutions with headquarters in the U.S. Midwest.

Effective immediately, all DataNet CommSource employees have transitioned to EarthBend, positioning them to provide seamless continuity of service to existing DataNet CommSource customers and channel partners.

"I am excited to be joining an experienced team of more than 40 dedicated employees, led by General Manager Ryan Donovan, who will continue serving customers in the Midwest market and across Mitel's extensive channel," said Rob Beyer, president and CEO of EarthBend. "We will continue to provide voice, data and infrastructure solutions and services to our customers and invest in key technical expertise to support our customers' needs."

The divestiture of DataNet CommSource is part of Mitel's ongoing strategy to simplify and focus the company's core business. With Mitel's shift to an indirect go-to-market model, the business need and rationale to maintain a direct value added distribution unit and value added reseller business has diminished.

"Employees and partners are cornerstones of Mitel's business and corporate values," said Richard McBee, president and CEO of Mitel. "With EarthBend, I am delighted that we identified a buyer that recognizes the skills and talent inherent in DataNet CommSource employees, and also the growth opportunity associated with ongoing support of Mitel's channel business in the U.S."

As previously announced in March 2012, Mitel has been exploring the sale of DataNet and therefore Mitel's financial results have presented DataNet's operations as discontinued operations since that time. For more information about the financial results of DataNet, please see Mitel's 10-Q filed with the Securities & Exchange Commission for the quarter ended January 31, 2013. 

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