Bandwidth to Acquire International Cloud Communications Provider Voxbone
Raleigh, NC, USA and London, UK, Oct. 12, 2020 -- Bandwidth (NASDAQ: BAND), an enterprise cloud communications company, announced it has signed a definitive agreement to acquire Voxbone, an international enterprise cloud communications provider. Voxbone has been majority-owned by Vitruvian Partners, a growth- and technology-focused investment firm headquartered in London, UK, since 2015. Voxbone is a European-based communications platform and IP voice network.
"We are bringing together leading domestic and international enterprise cloud communications platforms to supercharge global cloud communications for our customers. Bandwidth's deep US presence and Voxbone's world-wide platform across 60+ countries will serve enterprises in countries representing 93% of global GDP. Today's announcement accelerates our international strategy by several years. Our current and future customers will benefit from using a unified software platform, network and team to serve people around the world," said David Morken, Co-founder, Chairman and CEO of Bandwidth. "Voxbone's platform is trusted by approximately 900 enterprises, including brands like Uber, Zoom, 8x8 and Skype. We're thrilled to welcome this pioneering team to Bandwidth and congratulate them on their tremendous growth."
Through this combination, Bandwidth will play an even greater role in leading the transformation of enterprise cloud communications, enabling companies around the world to develop, launch, and hyper-scale applications and customer experiences using rich voice and text.
Posted by Veronica Silva Cusi, news correspondent
Date Posted: Wednesday, October 14, 2020
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