Following the transaction, Rory Read, CEO of Vonage, has been appointed a member of Ericsson’s executive team.
Ericsson has this acquisition supports its strategy to leverage technology leadership to grow its mobile network business and expand into enterprise. Ericsson said adding Vonage gives it “access to powerful building blocks” to offer a full suite of communications solutions including, CPaaS, UCaaS and CCaaS.
Börje Ekholm, president and CEO, Ericsson, said, “We are excited to welcome Vonage as part of Ericsson. With Vonage’s suite of communications solutions – UCaaS, CCaaS and Communications APIs – Ericsson will further expand its offerings into the enterprise space.
“In the future, network capabilities will be consumed and paid for through open network APIs, creating the opportunity for unparalleled innovation. We have already launched the first network API, Dynamic End-user Boost, based on existing 4G infrastructure. With Vonage, we will now develop and commercialize these new APIs.
“We are already seeing great progress with frontrunner CSPs, and we aim to launch the first 5G network APIs in the coming year. We will continue to create new, enhanced applications and services for enterprises, while driving continued innovation on Vonage’s UCaaS and CCaaS applications, helping businesses create new digital experiences for better communications, connections and engagement.”
Rory Read, CEO, Vonage, added, “Vonage was born out of innovation and is today a global leader in business cloud communications. This partnership will strengthen our offerings to businesses across the globe by leveraging Ericsson’s leadership in 5G, global market presence and strong R&D capabilities.”