ShoreTel Grows Market Share 19%
ShoreTel (Nasdaq: SHOR) continues to gain market share despite an overall down market, according to recent data published by Synergy Research Group. In its market share summary report for the first quarter of 2012, Synergy found that ShoreTel is the fastest-growing player in the U.S. enterprise IP telephony markets out of all leading vendors in Q1 2012.
According to the Synergy Research data, ShoreTel ranks third in the U.S. telephony market. ShoreTel grew its U.S. enterprise IP telephony revenue market share from 6.5 percent in Q4'11 to 7.7 percent in Q1'12, resulting in market share growth of 19 percent. In contrast, the Synergy report shows Avaya and Mitel both experienced declines in market share of 9 percent and 4 percent, respectively.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.