The world of UC, cloud communications, and VoIP is definitely going through a phase at the moment, as we have another merger of note. The two Canadian-based international providers Mitel Networks and Aastra Technologies have announced a friendly merger.
Between the two of them, the companies boast $1.1B in revenue of which $100M is of the cloud variety, and what they bill as a #1 market share in Western Europe. They will have an R&D budget of about 100M, free cash flow, and a lower leverage ratio.
That's some fairly substantial scale already, but there could be more to come as Mitel is supposedly in talks with a UK provider and is looking at other European opportunities as well. The two companies see opportunity knocking in the European and US enterprise markets in particular, and are looking to position themselves for it.
The current deal will see Mitel pay $6.52 in cash plus 3.6 in its shares for each share of Aastra, putting the value of the deal at US$373M or so. They envision $45M in annualized synergies over the next two years.