Editing Mitel (section)

===2000 - 2010===

In 2001, Terry Matthews paid US$230 million to acquire the communications network division of Mitel, along with the ''Mitel'' trademark.<ref>{{cite news|first1=Debra|last1=Lau|accessdate=July 4, 2018|title=Forbes Face: Terry Matthews|url=https://www.forbes.com/2001/05/16/0516matthews|newspaper=Forbes}}</ref><ref>{{cite web|accessdate=July 4, 2018|title=Mitel Networks Corp (MITL.O) People |url=https://www.reuters.com/finance/stocks/company-officers/MITL.O|archive-url=https://web.archive.org/web/20180704093048/https://www.reuters.com/finance/stocks/company-officers/MITL.O|url-status=dead|archive-date=July 4, 2018|website=[[Reuters]]}}</ref> It began a new chapter, under the name '''Mitel Networks''', by developing a family of  PBXs based on Internet standards for Voice over IP ([[VoIP]]).{{Citation needed|date=September 2023}}

The original company retained the semiconductor division. It was renamed [[Zarlink]] (''Tsar of Links'') Semiconductor to reflect its interest in networking.{{Citation needed|date=September 2023}}

Mitel Knowledge Corporation, also controlled by Matthews, was incorporated in 2001.<ref>{{cite web|accessdate=July 4, 2018|title=MITEL KNOWLEDGE CORPORATION|url=https://www.canadacompanysearch.com/MITEL-KNOWLEDGE-CORPORATION-3854736/|website=Canada Corporation Directory}}</ref> Numerous patents were transferred to the company.<ref>{{cite web|accessdate=July 4, 2018|title=Patents Assigned to Mitel Knowledge Corporation – Justia Patents Search|url=https://patents.justia.com/assignee/mitel-knowledge-corporation|website=patents.justia.com}}</ref> It later evolved into [[MKC Networks]], which made a family of SIP-based IP PBX systems.{{Citation needed|date=September 2023}}

An additional split took place in 2002, when the manufacturing arm was spun off out of Mitel Networks to become a contract manufacturer called [[BreconRidge]]. With these developments, the original Mitel Corporation was split into three companies: Zarlink (which though renamed is the original corporate entity), Mitel Networks, and [[BreconRidge]].<ref name="objarticle">{{Cite web|url=http://archive.ottawabusinessjournal.com/archive_detail.php?archiveFile=./pubfiles/obj/archive/2001/September/05/30438.xml&start=0&numPer=20&keyword=breconridge&sectionSearch=&begindate=1%2F1%2F1999&enddate=12%2F31%2F2006&authorSearch=&IncludeStories=1&pubsection=&page=&IncludePages=1&IncludeImages=1&mode=allwords&archive_pubname=InBusiness+Media+Network%0A |title=Mitel spins off division into BreconRidge/ |accessdate=November 20, 2006 |publisher=Ottawa Business Journal |year=2001 |author=OBJ Staff |archive-url=https://web.archive.org/web/20070928061508/http://archive.ottawabusinessjournal.com/archive_detail.php?archiveFile=.%2Fpubfiles%2Fobj%2Farchive%2F2001%2FSeptember%2F05%2F30438.xml&start=0&numPer=20&keyword=breconridge&sectionSearch=&begindate=1%2F1%2F1999&enddate=12%2F31%2F2006&authorSearch=&IncludeStories=1&pubsection=&page=&IncludePages=1&IncludeImages=1&mode=allwords&archive_pubname=InBusiness%2BMedia%2BNetwork%0A |archive-date=September 28, 2007 |url-status=dead }}</ref>

[[Image:Mitel Sun tradeshow display 2007.jpg|thumb|Mitel and Sun Microsystems equipment showcased at a 2007 trade show]]
On May 10, 2006, the new company announced its intention to launch an [[Initial public offering]] (IPO). No detailed information was released, but the press indicated that the company hoped to raise $150 million.<ref name="GAMarticle">{{Cite news|url=https://www.theglobeandmail.com/servlet/Page/document/v4/sub/MarketingPage?user_URL=https://www.theglobeandmail.com%2Fservlet%2Fstory%2FRTGAM.20060511.gtrticker11-10%2FBNStory%2FTechnology%2F&ord=1164031703567&brand=theglobeandmail&force_login=true |title=Mitel files for IPO, eyes expansion plan/ |accessdate=November 20, 2006 |publisher=The Globe and Mail |year=2006 |author=Catherine McLean |url-status=dead |archive-url=https://web.archive.org/web/20070930040715/http://www.theglobeandmail.com/servlet/Page/document/v4/sub/MarketingPage?user_URL=http%3A%2F%2Fwww.theglobeandmail.com%2Fservlet%2Fstory%2FRTGAM.20060511.gtrticker11-10%2FBNStory%2FTechnology%2F&ord=1164031703567&brand=theglobeandmail&force_login=true |archive-date=September 30, 2007 }}</ref>

In April 2007, Mitel announced an agreement with Inter-Tel to purchase that company. This purchase would amount to a merger of equals, with the merged company being twice the size of the original Mitel. This acquisition was completed in August 2007. Management had announced that the companies will carry on under the name Mitel. As a result of the merger, Mitel withdrew from the IPO registration process.<ref>{{cite web|url=http://www.tmcnet.com/channels/ip-telephony/articles/6482-mitel-acquire-inter-tel.htm |title=Mitel To Acquire Inter-Tel  |publisher=tmcnet.com |date=April 27, 2007 }}</ref>

On April 22, 2010, Mitel became a [[public company]],<ref>{{cite web|url=https://www.theglobeandmail.com/globe-investor/investment-ideas/mitel-makes-second-try-at-ipo/article4317181/ |title=Mitel makes second try at IPO  |publisher=[[The Globe and Mail]] |date=April 22, 2010 }}</ref> listed on [[Nasdaq]] with the symbol MITL, and its initial offering stood at $14 per share.<ref>{{cite web |url=http://www.ucstrategies.com/unified-communications-newsroom/mitel-becomes-a-public-company-again.aspx |title=Mitel Becomes a Public Company – Again |publisher=UCStrategies.com |date=April 22, 2010 |archive-url=https://web.archive.org/web/20100818171742/http://www.ucstrategies.com/unified-communications-newsroom/mitel-becomes-a-public-company-again.aspx |archive-date=August 18, 2010 |url-status=dead }}</ref> Within a year, the stock price had dropped to $5.50<ref>{{cite news |title=J.P. Morgan Lowering Price Target On Mitel Networks |author=Johnathan Chen |date=July 1, 2011 |work=Benzinga |url=http://www.benzinga.com/analyst-ratings/analyst-color/11/07/1219703/update-j-p-morgan-lowering-price-target-on-mitel-network |accessdate=February 21, 2012}}</ref> and was described by CNBC's [[Jim Cramer]] as one of the worst IPOs of the year.<ref name=Cramer>{{cite news |title=A How-To Guide for a Successful GM IPO |author=Jim Cramer |date=June 23, 2010 |work=[[CNBC]] |url=https://www.cnbc.com/2010/06/23/a-howto-guide-for-a-successful-gm-ipo.html |access-date=February 21, 2012}}</ref> Cramer blamed excessively optimistic pricing, excessive debt and the fear that company insiders would sell, dropping the stock value.<ref name=Cramer/>

During the company's Q1 conference call, Don Smith (CEO) announced his retirement from the company once the board of directors was able to find a suitable replacement.  Smith said he would remain on the board after retirement.<ref>{{cite web|url=http://www.itworldcanada.com/article/mitel-ceo-don-smith-to-leave-post/42236 |title=Mitel CEO Don Smith to leave post |date=September 3, 2010 |accessdate=July 21, 2015}}</ref>