{"id":22351,"date":"2016-05-06T10:00:56","date_gmt":"2016-05-06T10:00:56","guid":{"rendered":"http:\/\/www.businesscloudnews.com\/?p=251962"},"modified":"2016-05-06T10:00:56","modified_gmt":"2016-05-06T10:00:56","slug":"vonage-agrees-to-purchase-nexmo-for-230m","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/vonage-agrees-to-purchase-nexmo-for-230m\/","title":{"rendered":"Vonage agrees to purchase Nexmo for $230m"},"content":{"rendered":"<p><a href=\"http:\/\/www.businesscloudnews.com\/files\/2016\/05\/Connection.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-251972 alignright\" src=\"http:\/\/www.businesscloudnews.com\/files\/2016\/05\/Connection-300x199.jpg\" alt=\"net\" width=\"300\" height=\"199\" \/><\/a>Vonage has entered into a definitive agreement to acquire Nexmo for $230 million in cash and stock, to increase its capabilities in the cloud communications for business market segment.<\/p>\n<p>Nexmo is regarded as the second largest Communications Platform-as-a-Service, CPaaS, company by revenues, a market which IDC estimates will be worth $8 billion by 2018. Nexamo API\u2019s for developers to embed contextual communications into mobile apps, websites and business workflows via text, social media, chat apps and voice, and has a customer base including companies such as Uber, Alibaba and Snapchat. Vonage claims following the acquisition it will have a total addressable market of nearly $28 billion by 2018.<\/p>\n<p>&#8220;In 2014, we set out on a mission to become the clear leader in Cloud Communications for business. With the acquisition of Nexmo, we are now uniquely positioned to lead the market,&#8221; said Vonage CEO Alan Masarek. &#8220;By combining Vonage&#8217;s rapidly growing Unified Communications as a Service (&#8220;UCaaS&#8221;) business, with Nexmo, the second largest player in CPaaS, we are creating the future of Cloud Communications. These companies represent a set of strategic, technology and human resources assets that deliver the broadest services offering in our industry.&#8221;<\/p>\n<p>Nexmo currently has more than 350 enterprise customers, 114,000 registered developers and processes 5 billion API calls annually, and its geographical footprint will allow Vonage to expand its influence in the EMEA and Asia Pacific markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vonage has entered into a definitive agreement to acquire Nexmo for $230 million in cash and stock, to increase its capabilities in the cloud communications for business market segment.<\/p>\n","protected":false},"author":105,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4159,1989,1976,4160,4161],"tags":[18],"class_list":["post-22351","post","type-post","status-publish","format-standard","hentry","category-communications-platform","category-enterprise-it","category-news-analysis","category-nexmo","category-vonage","tag-cloud"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/22351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/105"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=22351"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/22351\/revisions"}],"predecessor-version":[{"id":22352,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/22351\/revisions\/22352"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=22351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=22351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=22351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}