ShoreTel has continued to gain market share according to 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 US enterprise IP telephony markets out of all main vendors in Q1 2012.
According to the Synergy Research data, ShoreTel ranks third in the US telephony market having grown its US enterprise IP telephony revenue market share from 6.5% in Q411 to 7.7% in Q112, resulting in market share growth of 19%.
"These market share gains reflect our company's continued growth," said Peter Blackmore, ShoreTel CEO. "With over 22,000 enterprise customers worldwide and product availability in 47 countries, our prior investments in the company's sales team, distribution, product development and branding have paid off."
Jeremy Duke, founder and chief analyst at Synergy Research Group, added: "Accelerating worldwide revenue growth faster than Cisco, Avaya, Mitel or Microsoft, ShoreTel is growing the quickest out of the leading Enterprise IP Telephony vendors at a rolling 4 quarter average of 18.5%.
"ShoreTel's growth is even more pronounced when looking at the US market, where it is growing five times faster than its nearest competitors."