RingCentral and Mitel have announced a strategic partnership to provide Mitel’s global customer base with a seamless migration path to RingCentral’s Message Video Phone™ (MVP) cloud communications platform.
As a part of the deal, RingCentral will become Mitel's exclusive UCaaS partner and provide their customer base with a next-generation cloud communications platform. Mitel will in return support customers on its MiCloud Connect platform and offer them a seamless transition to RingCentral's cloud-based MVP that fits their needs best.
Mitel's CloudLink, an innovative cloud platform enabling customers to integrate their on-premises infrastructure with modern cloud applications, enables customers to leverage their existing on-premises PBX capabilities via the RingCentral application, opening ways to full cloud adoption.
The financial terms of the deal include RingCentral paying Mitel $650 million to acquire intellectual property rights and patents that cover network and call management, security, and infrastructure.
Tarun Loomba, President and Chief Executive Officer at Mitel, said: "We are excited to bring the market-leading UCaaS solution to our customers and channel partners with RingCentral as our exclusive UCaaS partner."
"The unique depth of this partnership furthers our strategy of delivering world-class communications to our customers and providing them a clear and flexible path for the future."
Vlad Shmunis, RingCentral’s founder, chairman and chief executive officer, said: "We are bringing together the best of Mitel and RingCentral to give customers the right communications and collaboration solutions for their needs."