Local tech giant Mitel sold for more than $2 billion

Mitel to be bought in $2-billion deal One of the companies that put Ottawa on the high tech map will be sold and taken private, CTV's Michael O'Byrne reports.

A local tech giant has been sold for more than $2 billion.

Mitel, a leader in touchtone phone technology, has been bought out by Searchlight Capital Partners. The sale includes the company's debt.

Terry Matthews co-founded Mitel in 1972. Its headquarters are based in Kanata.

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