HOLMDEL, N.J., March 28, 2019 /PRNewswire/ -- Vonage (NYSE:
VG), a business cloud communications leader, has received the
prestigious M&A Atlas Award for the TokBox acquisition as
Small-to-Mid Cap Deal of the Year.
In August 2018, Vonage acquired
TokBox Inc. ("TokBox"), a subsidiary of Telefonica, S.A. in an
all-cash transaction for an enterprise value of $35 million, including assumed liabilities. An
industry leader in WebRTC programmable video, TokBox furthers
Vonage's strategy to provide a differentiated, fully programmable
communications solution for developers and businesses of all
sizes.
"We are honored to be recognized with this prestigious award and
to be included in such an esteemed group of nominees," said
Vinod Lala, Chief Strategy Officer
for Vonage. "Through a series of strategic acquisitions, as well as
organic growth, Vonage has transformed into a global business cloud
communications leader. The acquisition of TokBox is an integral
part of our vision to help our customers create better experiences
and better overall business outcomes."
TokBox significantly expands Vonage's total addressable market.
The addition also broadens the Company's API portfolio via Nexmo,
the Vonage API Platform beyond voice, SMS and IP messaging,
enabling developers and enterprises to integrate live video into
websites, mobile apps, and IoT devices - with just a few lines of
code. With TokBox now a part of the Vonage platform, developers
benefit from a simple, flexible and scalable programmable video
solution to create engaging, embedded communications
experiences.
"The acquisition of TokBox furthers Vonage's programmable
communications offering as a part of the Nexmo platform. Moreover,
the acquisition demonstrates Vonage's ability to create
communication solutions for businesses by successfully calibrating
and executing its M&A strategy for growth," said Shanta Kumari, CEO and Group Global Editor at
Global M&A Network.
The M&A Atlas Awards singularly honor excellence in the
categories of best value-creating deals, outstanding firms and
dealmakers from all corners of the globe. Winners are selected
independently based on firm-wide achievements, corporate
development strategies, management teams and global brand standing
within respective industries and markets.
About Vonage
Vonage is redefining business
communications, helping enterprises use fully-integrated
unified communications, contact center, and programmable
communications solutions via Nexmo, the Vonage API Platform, to
improve how business gets done. True to our roots as a technology
disruptor, we've embraced technology to transform how companies
connect, collaborate and communicate to create better business
outcomes. Vonage's fully-integrated cloud communications platform
built on a microservices-based architecture enables businesses to
collaborate more productively and engage their customers
more effectively across all channels, including messaging, chat,
social media, video and voice.
Vonage Holdings Corp. is headquartered in Holmdel, New Jersey, with offices throughout
the United States, Europe, Asia
and Israel. Vonage® is a registered trademark of
Vonage Marketing LLC, owned by 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.
About Global M&A Network
Global M&A
Network is a diversified digital media, news and conference
connecting company. The company also produces the world's most
prestigious – M&A ATLAS branded awards programs for Global
Markets, Americas, Asia Pacific,
Latin America and EMEA.
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SOURCE Vonage