RingCentral has been ranked as one of the top three VOIP service providers in the market. Because of its feature-rich platform, it has never failed to fulfill the needs of its diverse customer base.
RingCentral has been ranked as one of the top three VOIP service providers in the market. Because of its feature-rich platform, it has never failed to fulfill the needs of its diverse customer base. In this article, we'll talk about RingCentral acquiring Mitel for $650 million! It has been expanding over the years, and its mission to grow has been further concreted as it has acquired Mitel.
In recent news published officially by RingCentral, it is now confirmed that RingCentral has acquired Mitel for 650 million dollars. This strategic partnership will enable Mitel customers to use RingCentral cloud features and give access to newer and faster cloud-based technology that is a standard in today’s world.
RingCentral has acquired Mitel for $650 million to bring their existing clients all the benefits of the RingCentral MVP platform. Here's me and Sunita's commentary the Mitel RingCentral UcaaS deal!
Rich Technology Group has represented Mitel in the past, but most customers who reached out to us complained about Mitel’s lousy service. Also, Mitel's name was fading in the cloud and VOIP market because of better and cheaper solutions provided by Vonage, Nextiva, and other cloud-based platforms. RingCentral’s acquisition of Mitel is likely to smooth out and streamline these Mitel issues by facilitating cloud-based unified communication.
RingCentral will pay Mitel a complete figure of $650 million to acquire intellectual property rights and patents. It will cover not only the end-to-end security of network and management, but it will provide a solid platform for demonstrating a commitment to the partnership.
This RingCentral-Mitel collaboration can be regarded two-way because Mitel’s existing group of investors will invest an additional $200 million in equity in the RingCentral platform in order to make the transaction work well. Hence, this collaboration will be branded as RingCentral MVP, a sought-after cloud-based business phone system solution for organizations of all sizes.
This collaboration is a piece of great news for Mitel’s existing as well as potential customers because all of Mitel’s products will now continue to be branded as RingCentral MVP. Thus, this will accelerate the availability of Mitel’s entire customer base using RingCentral and Mitel’s combined channels.
Rich Technology Group considers this deal great news because it will help the customers get upgraded platform and features. In the past, as a lot of customers were unsubscribing to Mitel services, this collaboration will also retain the customers on the platform for an extended period, so this deal is definitely bringing out new for the customers.
We work with RingCentral almost daily so, not only we can connect you with them at ease but can also help you get special pricing. Thus, reach out to us first before going directly to the provider.
If you are still unclear regarding this, get in touch with Rich Technology Group. We represent all the major service providers in the market and can get you access to special pricing, free hardware, and consulting service. We can help you find out which service makes the most sense for your business.
For more information about Rich Technology Group, or to receive free assistance in finding the best deals on business phone systems and business phone and internet service plans visit our website at: www.richtechnologygroup.com or call us at 804-767-2136
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