Home Technology Stock on the way: ShoreTel Inc (NASDAQ:SHOR)

Stock on the way: ShoreTel Inc (NASDAQ:SHOR)

Projecting The Future

Shares of ShoreTel Inc (NASDAQ:SHOR) ended Wednesday session in green amid volatile trading. The shares closed up +0.15 points or 2.08% at $7.35 with 238,457 shares getting traded. Post opening the session at $7.25, the shares hit an intraday low of $7.17 and an intraday high of $7.40 and the price vacillated in this range throughout the day. The company has a market cap of $495.95 million and the numbers of outstanding shares have been calculated to be 67.94 million shares.

ShoreTel Inc (SHOR) declared recently it is offering PartnerStart, a program that allows partners to take ownership of the installation process for ShoreTel Connect™ CLOUD customers.

PartnerStart empowers the partner as the single point of contact for customer installations, allowing the partner to remain the central point of contact for the customer. The program was developed with input from ShoreTel partners, who are always looking for ways to deliver a great experience for customers and differentiate their services.

“Enabling our partners to provide installation of ShoreTel Connect CLOUD services for their end users is a game changer,” said Heather Tenuto, vice president of global go-to-market programs and strategy at ShoreTel. “Partners get the opportunity to differentiate from each other and provide customer-centric services, formerly offered by ShoreTel. This increases customer satisfaction while shifting top-line revenue to the partner’s business. With PartnerStart, everyone wins.”

PartnerStart requires partner certification, with ShoreTel providing tools and training academies to ensure success. ShoreTel also assigns a project manager as the partner’s single point of contact for any assistance needed. Tenuto noted that ShoreTel has already seen strong interest from the partner community.

“Based on the sales process, we have a strong understanding of the customer and a personal relationship with them, so it makes perfect sense to provide them with a higher level of assistance in the installation phase,” said Chris Frey, vice president of operations at Converged Technology Professionals, a ShoreTel Platinum partner. “By being the customer’s primary contact throughout design, discovery, installation and training we’re able to provide red carpet customer service while bringing in an additional revenue stream.”

Alan Burdine, president of CRI, a Gold ShoreTel partner, adds, “With PartnerStart, ShoreTel is declaring the value and necessity of the partner in the UCaaS space and providing the opportunity for all customers to obtain a consistent, high-touch service experience no matter what type of Connect deployment option they choose.”