Vonage News
8 articles
Ericsson to acquire cloud communications company Vonage for $6.2B
Ericsson has announced its intent to acquire cloud communications company Vonage in a $6.2 billion deal. The acquisition is part of Ericssons strategy to capture more enterprise business and build an enterprise business. Ericsson aims to leverage Vonages communications APIs to tap into a network of developers building applications based on 4G and 5G technology. Vonage brings a technology portfolio, a healthy business generating $1.4 billion, 120,000 customers, and over 1 million registered developers. The merger deal is subject to approval and is expected to close in the first half of next year. Vonage stock rose 25% on the news, while Ericssons stock declined 4.89%.
Acquisition
Zoom's Latest Competitor Hails From Tel Aviv
The Tel Aviv research and development center of Vonage Holdings Corp. has developed a free remote conferencing service to rival Zoom. The service has seen increased demand during the Covid-19 pandemic, with Israels national emergency medical service already using it for conference calls. Vonage provides communication services to businesses and organizations, with customers including Uber, WeWork, Airbnb, and KLM.
Customers
Vonage Buys Assets of Artificial Intelligence Startup Over.ai
Vonage Holdings Corp. has agreed to acquire the assets of Over.ai, a conversational artificial intelligence company based in Tel Aviv. The financial terms of the deal were not disclosed. Vonage plans to incorporate Over.ais voice AI technology, including its speech to text and natural language algorithms, into its communication services for businesses. The 23-person technical and product engineering team of Over.ai will join Vonages research and development center in Tel Aviv. The acquisition is expected to enhance Vonages ability to provide exceptional customer experiences and improve interactions with reduced wait times and effective natural language conversation.
PartnersAcquisition
Vonage Wins the 2018 Aragon Research Innovation Award for the Communications Platform as a Service Category
Vonage has been named the winner of the 2018 Aragon Research Innovation Award for the Communications Platform as a Service (CPaaS) category. The award recognizes Vonages ability to provide fully integrated, powerful programmable communications solutions that drive better business outcomes for their customers. Vonages cloud-based APIs allow organizations to easily embed voice, messaging, video, social media, phone verification, and more into their applications. The company was also recognized for its dedication to improving business communications and its innovative programmable solutions. Vonage received the award on December 6th, 2018 at the annual Aragon Research awards ceremony.
Customers
Vonage to Hire 80 People in Israel
Vonage Holdings Corp. is recruiting 80 employees for its research and development center in Israel. The companys Israel facilities are being relocated from Raanana to Tel Aviv. Vonage provides communication services to businesses and organizations, with customers including Uber, WeWork, Airbnb, and KLM. Vonage has annual revenues exceeding $1 billion and employs 2,000 people globally.
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Vonage hiring 90 more employees for Tel Aviv development center
US communications company Vonage is expanding its Israeli development center from 60 to 150 employees and moving to larger premises in Tel Aviv. The companys market cap is $2.52 billion, and it has experienced growth in recent years. Vonages share price has stabilized since 2013, and it is achieving modest annual profits. The CEO sees Vonage as a transformation story and plans to create change through acquisitions.
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Vonage Earns Frost & Sullivan's Competitive Strategy Innovation and Leadership Award for Its Robust UCaaS and CPaaS Solutions
Vonage has been recognized by Frost & Sullivan with the North American Competitive Strategy Innovation and Leadership Award for its comprehensive portfolio of solutions in the Communications Applications and Platforms as a Service Industry. The company offers unified communications as a service (UCaaS) and communications platform as a service (CPaaS) capabilities through Nexmo, the Vonage API Platform, along with third-party solution integrations. Vonages competitive strategy includes identifying unmet customer needs, pursuing strategic acquisitions and partnerships, and leveraging cloud capabilities to drive better business outcomes for its customers. The company has successfully repositioned itself to address evolving industry trends and the digital transformation needs of its customers. Vonage provides technology that enables businesses to connect with employees and customers more effectively.
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Apple shows off the first Siri-powered apps arriving in iOS 10
Apple is previewing the integration of third-party apps with Siri in the upcoming release of iOS 10. This new functionality, made possible through SiriKit, allows users to interact with their apps using voice commands. Siri will handle the voice recognition, while the apps extension will provide the requested information. Apple has announced several apps that will integrate with Siri, including Uber, Lyft, Skype, LinkedIn, and Square Cash. The integration will allow users to perform tasks such as booking rides, making payments, and placing calls using voice commands. The article suggests that Apples move is a response to the popularity of Amazon Alexa and aims to make apps more accessible and user-friendly. The article does not mention any specific date for the event.
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