Vonage Holdings Corp. (NYSE: VG) has entered into a definitive agreement to acquire privately-held Nexmo, Inc. for USD230 million in cash and stock, the company said.
Nexmo is the world´s second largest CPaaS company as measured by revenues. This acquisition accelerates Vonage´s growth strategy, deepens the Company´s technology capability and elevates its leadership position in Cloud Communications.
San Francisco-based Nexmo provides communication application program interfaces for text messaging and voice communications, allowing developers and enterprises to embed contextual communications into mobile apps, websites and business workflows via text, social media, chat apps and voice, creating better customer engagement for their business.
Founded in 2011, Nexmo has offices in London, Hong Kong and Singapore in addition to its San Francisco headquarters. Nexmo has the largest global network of interconnected carriers, 650 in total, delivering the best API-based communications platform for messaging, programmable voice and chat apps.
Vonage provides cloud communications services for businesses. Vonage transforms the way people work and businesses operate through a portfolio of communications solutions that enable internal collaboration among employees, while also keeping companies closely connected with their customers, across any mode of communication, on any device.
Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. VonageÂ® is a registered trademark of Vonage America Inc. To follow Vonage on Twitter, please visit www.twitter.com/vonage. To become a fan on Facebook, go to www.facebook.com/vonage. To subscribe on YouTube, visit www.youtube.com/vonage.