Ericsson to acquire cloud communications company Vonage

Ericsson to acquire cloud communications company Vonage

Ericsson, an international telecommunications company, has decided it needs a modern volume and this morning announced its intention to acquire cloud telecommunications company Vonage with a $ 6.2 billion deal.

With Vonage, Ericsson acquires a state-of-the-art communication system that includes a cloud communication center, communication APIs (like Twilio’s) and a voice over internet protocol (VoIP) solution. The company believes it can build on its 4G and 5G network technologies through key pieces of the Ivoge family.

Börje Ekholm, president and CEO of Ericsson, said this was part of the company’s initial strategy to capture more businesses.

Read More: techcrunch

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