ShoreTel forms strategic advisory committee

Board of directors of ShoreTel (NASDAQ: SHOR) has formed a strategic advisory committee of independent directors to advise the board in evaluating a range of strategic alternatives as part of ongoing efforts to maximize shareholder value, the company said.

The company has retained J.P. Morgan Securities LLC as its financial advisor and Fenwick & West LLP as its legal counsel to assist in this review process.

The company said that alternatives to be evaluated will include, but not be limited to: a company sale, the divestiture or acquisition of assets, licensing agreements, a realignment of our operations, joint ventures and partnerships and a continuation of our current strategic plan.

ShoreTel, Inc. is a provider of unified communications (UC) products, cloud services and IP phone systems headquartered in Sunnyvale, Calif.