Bandwidth Announces the Largest BYOC Ecosystem, Giving Enterprises More Ways To Solve Complex Challenges

Rhea-AI Summary

Bandwidth Inc. (NASDAQ: BAND) announced the largest bring-your-own-carrier (BYOC) ecosystem in the world at its Reverb24 global livestream. This expansion gives enterprises more flexibility in solving complex communications challenges. The BYOC program, integrated with Bandwidth's Maestro platform, allows companies to unbundle telephony components from SaaS platforms, offering increased functionality, quality, and cost savings.

Key integrations include Amazon Web Services, Google Cloud, Microsoft Teams, Zoom, and Cisco Webex. Bandwidth's ecosystem enables enterprises to replace legacy telecom carriers and on-premises equipment, simplifying cloud-to-cloud migrations. The company plans to add more partnerships, including Kore.AI and Omilia, to further enhance its AI-driven communication solutions.

Positive

• Largest BYOC ecosystem in the world, providing more options for enterprise clients
• Integration with major tech leaders like Amazon, Google, Microsoft, Zoom, and Cisco
• Potential for cost savings and improved control for enterprise customers
• Simplification of cloud-to-cloud migrations within the Bandwidth ecosystem
• Planned expansion of AI-driven communication solutions through new partnerships

Negative

• None.

Insights

Tech Expert

Bandwidth's expansion of its BYOC ecosystem is a significant development in the enterprise cloud communications sector. By offering the largest BYOC integration ecosystem, Bandwidth is positioning itself as a leader in network flexibility and integration. This move could potentially increase Bandwidth's market share and revenue streams.

The integration with major players like Amazon Web Services, Google Cloud, Microsoft Teams and Zoom enhances Bandwidth's competitive edge. The cost savings and improved control offered by BYOC solutions could be attractive to enterprise clients, potentially driving adoption and customer retention.

However, the real impact will depend on how effectively Bandwidth can monetize these integrations and differentiate its offerings in a competitive market. The success of this ecosystem expansion will likely be reflected in Bandwidth's future financial results and market position.

Market Research Analyst

Bandwidth's announcement reflects a growing trend in the enterprise communications market towards flexibility and interoperability. The BYOC model addresses the increasing demand for customizable, cost-effective solutions that can integrate with existing systems.

This move could potentially expand Bandwidth's addressable market, particularly among large enterprises with complex communication needs. The partnerships with industry leaders like AWS, Google and Microsoft add credibility and may accelerate adoption.

However, the competitive landscape is intense, with other providers also offering BYOC solutions. Bandwidth's success will depend on its ability to deliver superior quality, reliability and cost savings. The market reaction to this announcement and its impact on Bandwidth's financial performance should be closely monitored in the coming quarters.

Financial Analyst

While Bandwidth's expanded BYOC ecosystem is strategically sound, its financial impact remains to be seen. The company's ability to monetize these integrations and convert them into revenue growth will be crucial.

Potential positive financial implications include:

• Increased revenue from new enterprise customers attracted by the expanded ecosystem
• Higher customer retention rates, potentially leading to more stable recurring revenue
• Improved margins if the BYOC model proves more cost-effective than traditional offerings

However, investors should also consider:

• The costs associated with developing and maintaining these integrations
• Potential pricing pressures in a competitive market
• The timeline for realizing financial benefits from these partnerships

Investors should closely monitor Bandwidth's upcoming financial reports for signs of increased adoption and revenue growth resulting from this ecosystem expansion.

Bring-your-own-carrier with Bandwidth's Maestro™ platform gives enterprises more freedom of choice along with better quality, control, cost savings

RALEIGH, N.C., Sept. 12, 2024 /PRNewswire/ -- At its Reverb24 global livestream today, Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, announced it now offers the largest ecosystem of bring-your-own-carrier (BYOC) integrations of any provider in the world–giving enterprises more ways to solve complex communications challenges.

"Bandwidth provides unprecedented freedom of choice to enterprise CIOs and their IT teams to utilize the platforms that best fit their business needs," said John Bell, Bandwidth's Chief Product Officer. "We are proud to partner with a long list of best-in-class technology leaders to simplify, de-risk and accelerate better customer and employee experiences."

BYOC programs unbundle the telephony component from software-as-a-service platforms, giving enterprises additional functionality, increased quality and flexibility, reduced costs and improved overall control. By choosing Bandwidth as their BYOC provider, enterprises gain a cloud-native network with access to the most direct-to-carrier integrations for BYOC, along with the simplicity of using a single partner to cover the globe. This enables enterprises to easily integrate their entire comms stack while replacing legacy telecom carriers and most on-premises equipment. It also speeds and simplifies future cloud-to-cloud migrations within the Bandwidth ecosystem.

Bandwidth's BYOC options are integrated with the company's award-winning Maestro next-generation communications platform. Maestro enables enterprises to accelerate IT development time from months to hours and easily orchestrate complex call flows using Bandwidth's Visual Builder, which is a software-based drag-and-drop call routing designer.

The latest list of industry-leading BYOC options in the Bandwidth ecosystem includes:

• Amazon Web Services STT/TTS: provides access to AWS's speech-to-text and text-to-speech solutions to enable virtual agents with Bandwidth AIBridge.
• Cognigy: enables enterprises to bring automated conversational and generative AI solutions within their contact center call flows.
• Five9: supports Five9's Intelligent Cloud Contact Center solution in hybrid and cloud environments.
• Genesys: supports Genesys Cloud CX solution in hybrid and cloud environments.
• Google Cloud's Dialogflow: enables enterprises to build advanced virtual agents as part of the Contact Center AI solution within Google Cloud.
• Google STT/TTS: provides access to Google's speech-to-text and text-to-speech solutions to enable virtual agents with Bandwidth AIBridge.
• Google Voice for Google Workspace: supports SIP Link for Google Voice.
• Microsoft Teams Direct Routing: supports Microsoft Teams Direct Routing for hybrid environments.
• Microsoft Teams Operator Connect: supports Microsoft Teams Operator Connect for Bandwidth hosted-SBC cloud environments.
• Pindrop: enables enterprises to utilize Pindrop's voice bio-authentication and anti-fraud services.
• Webex Contact Center by Cisco: supports Webex Contact Center in hybrid and cloud environments.
• Webex Calling by Cisco: supports Cloud Connect for Webex Calling cloud-based phone system in hybrid and cloud environments.
• Zoom Contact Center: connects with Zoom Contact Center in hybrid and cloud environments (planned to be GA by the end of 2024).
• Zoom Phone Provider Exchange: includes connectivity with both Cloud Peering and Premises Peering options for cloud and hybrid environments, respectively.

More additions to the Bandwidth BYOC ecosystem are continuously under development, with the following partnerships planned to be added next:

• Kore.AI: will provide access to a generative AI application platform that delivers scaled output.
• Omilia: will provide access to AI-based self-service solutions for enhanced customer service fulfillment with Bandwidth AIBridge.

Visit this link for a replay of today's Reverb24 livestream, which showcased the launch of Bandwidth's next-generation Universal Platform along with new technologies, capabilities and partnerships for enterprises to deliver seamless global experiences.

The Bandwidth logo is a registered trademark of Bandwidth Inc. in the United States and/or other countries. All other marks are the property of their respective owners.

About Bandwidth Inc.
Bandwidth (NASDAQ: BAND) is a global cloud communications software company that helps enterprises deliver exceptional experiences through voice calling, text messaging and emergency services. Our solutions and our Communications Cloud, covering 65+ countries and over 90 percent of global GDP, are trusted by all the leaders in unified communications and cloud contact centers–including Amazon Web Services (AWS), Cisco, Google, Microsoft, RingCentral, Zoom, Genesys and Five9–as well as Global 2000 enterprises and SaaS builders like Docusign, Uber and Yosi Health. As a founder of the cloud communications revolution, we are the first and only global Communications Platform-as-a-Service (CPaaS) to offer a unique combination of composable APIs, AI capabilities, owner-operated network and broad regulatory experience. Our award-winning support teams help businesses around the world solve complex communications challenges every day. For more information, visit Bandwidth.com.

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SOURCE Bandwidth Inc.

FAQ

What is the significance of Bandwidth's BYOC ecosystem announcement?

Bandwidth's announcement of the largest BYOC ecosystem gives enterprises more flexibility in solving complex communications challenges, potentially leading to better quality, control, and cost savings in their communications infrastructure.

Which major tech companies are integrated into Bandwidth's BYOC ecosystem?

Bandwidth's BYOC ecosystem includes integrations with Amazon Web Services, Google Cloud, Microsoft Teams, Zoom, Cisco Webex, Five9, Genesys, and others, covering a wide range of enterprise communication needs.

How does Bandwidth's Maestro platform benefit enterprises using BYOC?

Bandwidth's Maestro platform enables enterprises to accelerate IT development time from months to hours and easily orchestrate complex call flows using a software-based drag-and-drop call routing designer called Visual Builder.

What future partnerships is Bandwidth (BAND) planning for its BYOC ecosystem?

Bandwidth is planning to add partnerships with Kore.AI, which will provide access to a generative AI application platform, and Omilia, which will offer AI-based self-service solutions for enhanced customer service fulfillment.