Ericsson has entered into an agreement to acquire Vonage to “expand globally in the wireless enterprise”.
The acquisition will see the combined offering of Vonage’s CPaaS solutions and Ericsson’s global leadership in 5G technology.
The two companies said that the capabilities of the 5G platform will be brought closer to developers and further accelerate “the digital transformation and intelligent communications wave”.
Börje Ekholm, President and CEO of Ericsson, says:
"The core of our strategy is to build leading mobile networks through technology leadership. This provides the foundation to build an enterprise business. The acquisition of Vonage is the next step in delivering on that strategic priority."
"Vonage gives us a platform to help our customers monetize the investments in the network, benefitting developers and businesses."
"Imagine putting the power and capabilities of 5G, the biggest global innovation platform, at the fingertips of developers. Then back it with Vonage's advanced capabilities, in a world of 8 billion connected devices. Today we are making that possible."
Using Vonage’s complementary solutions, Ericsson plans to develop a platform for open network innovation that can be employed by telecom operators, developers, and businesses globally.