Dallas, Texas 10/09/2013 (Financialstrend) – ShoreTel, Inc. (NASDAQ:SHOR) has managed to attract more technology providers to adopt and certify their products on its “Innovation Network”. This network is designed to offer telecommunication companies high quality “SIP trunking connections” which can be leveraged by its customers. The latest convert to the ShoreTel bandwagon is San Mateo based IntelePeer, Inc.
On October 8, both companies announced that “IntelePeer CoreCloud SIP” trunk service has got certification of interoperability from ShoreTel with its unified communications systems. IntelePeer offers communication services in a distributed “communication as a service” model through its “cloud-based” setup. IntelePeer CoreCloud trunking service helps telecommunication service providers to quickly extend SIP trunking connections to their customers using their existing IP infrastructure.
These new solutions from IntelePeer are most required in today’s challenging telecommunication industry. These trunking solutions help telecom players which are trying to increase their efficiency by augmenting their legacy infrastructure with and next-generation solutions. The trunking solutions help the legacy and the new technology seamlessly integrate with each outer.
The stock of this business communication solutions provider was trading at $6.29 per share which is up 1.29% as of close of business on October 8. The communication equipment manufacturer designs communications platforms and applications which help its customers accomplishing higher engagement with their workforce and collaborate with its channel partners seamlessly.
The Sunnyvale, California based company’s trump card is its Integrated IP phone system which when used with SHOR “hosted phone system” offers its users a real time telecommunications tool which will help them engage and collaborate with their peers from across the globe. It has a market capitalization of $371 million with close to 59.3 million common shares outstanding.The stock has been steadily increasing its market value over the past few quarters. It has gained close to 50% increase in its share price over the past 90 days.