Verizon Business and RingCentral deliver cloud-based enterprise solutions

Rhea-AI Summary

Verizon Business has formed a strategic partnership with RingCentral, delivering cloud-based enterprise communication solutions that include team messaging, video meetings, and a cloud phone system. The collaboration results in the co-branded service RingCentral with Verizon, a unified communications as a service (UCaaS) solution that enhances Verizon's network-as-a-service strategy, integrating 5G, mobile edge computing, and security. This partnership aims to address the evolving needs of distributed workforces, providing a secure, flexible platform for enterprises to operate effectively.

Positive

• Formation of a strategic partnership with RingCentral to enhance enterprise communication solutions.
• Introduction of the co-branded service RingCentral with Verizon, improving unified communications as a service (UCaaS).
• Integration of advanced technologies like 5G and mobile edge computing, strengthening Verizon's network-as-a-service strategy.

Negative

• None.

What you need to know:

• Verizon Business announced a new strategic partnership with RingCentral, Inc., which will bring cloud-based enterprise communication solutions with integrated team messaging, video meetings, and a cloud phone system to enterprise businesses.
• The two companies will develop an innovative co-branded service, RingCentral with Verizon, a seamlessly integrated unified communications as a service (UCaaS) solution for enterprise businesses.
• The RingCentral with Verizon offer is a key component of the Verizon Business network-as-a-service strategy, which includes 5G, mobile edge computing, SD WAN, and security, and is combined with RingCentral’s cloud communications platform including Message Video Phone™ (MVP™).
  

BASKING RIDGE, N.J., May 10, 2021 (GLOBE NEWSWIRE) -- Today, Verizon Business announced a new strategic partnership with RingCentral, Inc. (NYSE: RNG), which will bring cloud-based enterprise communication solutions with integrated team messaging, video meetings, and a cloud phone system to enterprise businesses, setting the foundation for a new workplace experience and giving employees the ability to work and collaborate from anywhere. The solution developed through this partnership adds to Verizon’s robust unified communications and collaboration (UCC) portfolio, complementing other services and offerings already in-market.

“The ‘work from anywhere’ model will continue to be a major factor for businesses, and we’ve seen the importance of cloud communications growing stronger for enterprises in the past year,” said Tami Erwin, CEO at Verizon Business. “Through this partnership, we’re leveraging our best-in-class network with RingCentral’s expertise in cloud collaboration to deliver game-changing cloud-based solutions that meet the needs of enterprises today and future proof how they operate moving forward.”

Together Verizon Business and RingCentral will develop a new innovative co-branded service, RingCentral with Verizon, a seamlessly integrated UCaaS solution for enterprise businesses. Enterprises will now have one solution, relationship, contract, support center, and implementation team for their deployments. Integrated with Verizon’s leading network solutions, and with proven reliability, this solution delivers RingCentral’s carrier-grade Message, Video, and Phone(™) platform to meet the needs of organizations navigating the ever-evolving global business landscape.

“At RingCentral, we truly believe this partnership creates additional value for our customers, and we are excited to innovate together with Verizon to deliver end-to-end digital transformation solutions that embed RingCentral’s Message, Video, Phone technology across the enterprise ecosystem,” said Anand Eswaran, president and chief operating officer, RingCentral. “As business communications including team messaging and video become critical in enabling people to work from anywhere, this partnership with Verizon helps us meet the ever-changing customer needs.”

The RingCentral with Verizon offer is a key component of the Verizon Business network-as-a-service strategy, which includes 5G, mobile edge computing, SD WAN, and security. RingCentral with Verizon provides a cloud-based, secure, end-to-end UCaaS platform that addresses the communications needs of distributed workforces. In addition, enterprise customers will benefit from extending the MVP platform into their broader cloud ecosystem including CRM and vertical integrations, as well as open APIs for custom integrations.

"Verizon once again demonstrated their technology leadership with the implementation of 5G Ultra Wideband at Chase Center in 2019 for an enhanced in-arena fan experience," said Warriors Senior Vice President of Partnerships, Mike Kitts. "RingCentral, with their leading cloud-based business communication solution, is an innovative partner and integral part of our organization, enabling our staff to efficiently operate from anywhere, which in our business is now standard practice. We’re thrilled to see two trusted partners of ours come together to drive the industry forward."

Bringing Verizon’s leading connectivity solutions, and Verizon 5G’s speed, reliability, low latency, and high bandwidth together with RingCentral’s UCaaS solution, RingCentral with Verizon will deliver flexible, easy-to-use, and secure services to enterprise customers of all sizes. In addition, RingCentral with Verizon will offer enterprises the benefits from next-generation communications and collaboration capabilities delivered over Verizon’s 5G and network transformation solutions.

"Verizon and RingCentral, both named a Leader in the IDC MarketScape for Worldwide UCaaS Service Providers for Enterprise, 2021, are coming together at the right time for enterprises," said Denise Lund, research director, Unified Communications and Telecom at IDC. "Enterprises have emerged from 2020 planning to spend more on Unified Communications services. Solutions that will resonate will bring scale and innovations that come with being in the cloud together with expertise in enterprise-grade professional services, networks, and security."

Learn more about RingCentral with Verizon.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

About RingCentral
RingCentral, Inc. (NYSE: RNG) is a leading provider of business cloud communications and contact center solutions based on its powerful Message Video Phone™ (MVP™) platform. More flexible and cost effective than legacy on-premise PBX and video conferencing systems that it replaces, RingCentral empowers modern mobile and distributed workforces to communicate, collaborate, and connect via any mode, any device, and any location. RingCentral offers three key products in its portfolio including RingCentral Office® , a Unified Communications as a Service (UCaaS) platform including team messaging, video meetings, and a cloud phone system; Glip ® the company's free video meetings solution with team messaging that enables Smart Video Meetings™; and RingCentral cloud Contact Center solutions. RingCentral’s open platform integrates with leading third party business applications and enables customers to easily customize business workflows. RingCentral is headquartered in Belmont, California, and has offices around the world.

©2021 RingCentral, Inc. All rights reserved. RingCentral, Message Video Phone, MVP, RingCentral Office, Glip, Smart Video Meetings, and the RingCentral logo are trademarks of RingCentral, Inc.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Kyle Ragonese
kyle.ragonese@verizon.com
732.236.3526
@KyleRagonese

Jyotsna Grover
RingCentral
jyotsna.grover@ringcentral.com
650.513.8712

FAQ

What is the partnership between Verizon and RingCentral about?

Verizon Business formed a strategic partnership with RingCentral to provide cloud-based communication solutions, including team messaging, video meetings, and a cloud phone system.

What is the RingCentral with Verizon service?

RingCentral with Verizon is a co-branded unified communications as a service (UCaaS) solution aimed at enhancing enterprise communication and collaboration.

How does the partnership benefit enterprise businesses?

The partnership enables enterprises to leverage a secure, flexible, and integrated communication platform, enhancing their ability to work from anywhere.

What technologies are integrated into the RingCentral with Verizon service?

The service integrates advanced technologies such as 5G, mobile edge computing, and security to support enterprise communication needs.

When was the partnership between Verizon and RingCentral announced?

The partnership was announced on May 10, 2021.