Mitel, a global leading manufacturer of enterprise communications, has signed a Memorandum of Understanding (MoU) with Toshiba to transfer certain assets and support obligations, including existing inventory from Toshiba Corporation.

The Memorandum of Understanding is ensuring product and service continuity for Toshiba customers. Both companies are committed to support warranty and maintenance obligations.

 Toshiba has already declared earlier this year to exit the UC&C market. This transaction will ensure Toshiba customers and partners a clear path forward to enjoy Mitel UC&C solutions.

The transaction reflects Mitel's strategy to focus the company on expanding its position in the UCC market as digital transformation accelerates demand for cloud-based business communications solutions globally. As a result of this transaction, Mitel's customer base will expand in cloud communications.

The deal is expected to be completed this summer. Actual financial terms were not disclosed.

Source: OTTAWA, Ontario, May 11, 2017 (GLOBE NEWSWIRE)