RingCentral and Verizon are teaming up to enhance their respective UCaaS and network capabilities.
Over the last couple of years, RingCentral has grown significantly through co-branded offerings with companies such as AT&T, Alcatel-Lucent and Avaya, and now holds a strategic partnership with Verizon. The partnership will provide collaboration across multiple devices, with customers having a single point of contact.
Verizon Business CEO, Tami Erwin said: “Through this partnership, we’re leveraging our best-in-class network with RingCentral’s expertise in cloud collaboration to deliver game-changing cloud-based solutions that meet the needs of enterprises today and future proof how they operate moving forward”.
Details of the deal
The co-branded offering will combine RingCentral’s UCaaS platform with Verizon connectivity, including 5G, to better serve enterprise customers. There will also be an option to integrate RingCentral’s “Message, Video, Phone” (MVP) platform into CRMs and other SaaS applications.
The offering is a part of Verizon Business’ “network-as-a-service” strategy, along with 5G, mobile edge computing, SD-WAN and security.
Anand Eswaran, President and Chief Operating Officer, RingCentral, said: “At RingCentral, we truly believe this partnership creates additional value for our customers, and we are excited to innovate together with Verizon to deliver end-to-end digital transformation solutions that embed RingCentral’s MVP technology across the enterprise ecosystem.”
“As business communications, including team messaging and video, become critical in enabling people to work from anywhere, this partnership with Verizon helps us meet the ever-changing customer needs”, added Eswaran.
Both companies landed in IDC’s 2021 MarketScape for Worldwide UCaaS Service Providers for Enterprise list. Denise Lund, IDC’s research director of unified communications and telecom, commented on the partnership:
“Enterprises have emerged from 2020 planning to spend more on unified communications services. Solutions that will resonate will bring scale and innovations that come with being in the cloud together with expertise in enterprise-grade professional services, networks and security.”
AT&T, Verizon’s rival, expanded its partnership with RingCentral last month to enhance their joint collaboration offering.
A year of wins
Strategic partnerships have helped propel RingCentral to new heights in the last year. According to the company’s first-quarter earnings released last week, RingCentral has achieved a 32% year-over-year revenue increase. RingCentral Chairman and CEO Vlad Shmunis gave shout-outs to BT, Atos, AT&T, Avaya and Telus.
“We believe we are witnessing the intersection of two megatrends of digital transformation and hybrid workforce adoption, which is creating a structural shift in awareness and demand for cloud communications solutions. RingCentral has always been about work from anywhere.”
“With our proven UCaaS platform and a comprehensive CCaaS portfolio, RingCentral continues to win as a trusted communications partner of choice for businesses of all sizes in their digital transformation journeys”, added Shmunis.
