ShoreTel’s Cloud Division, formerly known as M5 Networks, has earned the No. 20 spot on Crain's New York Business Fast 50 list.

We are very excited to have been included among this impressive list of companies. The increasing demand for cloud-based phone systems and unified communications features that are easy to use and fully managed has fueled our rapid growth.

Now as a part of ShoreTel, customers can expect even more innovation – such as the recent release of ShoreTel Mobility for cloud customers.

The Fast 50 was open to privately held companies in the New York City area; entry required firms to have at least $20 million in 2011 revenues. Crain’s ranked companies, based on revenue growth as a percentage, from 2008 to 2011. Publicly held companies, real estate investment trusts (REITs), regulated banks, real estate developers, utilities, holding companies, subsidiaries/divisions and franchises are not included in the results.

ShoreTel’s Cloud Division was considered for inclusion based on financial results of M5 Networks prior to the acquisition by ShoreTel.

Digital transformation has become a top initiative for business and IT leaders. In today’s business world, sustainable market leadership is no longer based solely on which company has the best products or even the best people. Instead, organizations that are agile and can quickly adapt to rapidly evolving market trends will become market leaders.

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