RingCentral Inc is a provider of cloud-based communication solutions for businesses to integrate "bring- your-own" communication devices in the workplace. The firm's flagship product, RingCentral Office, is a multi-location, multi-user, enterprise-grade application that allows employees to communicate on multiple devices. Its solutions include call management, team messaging, business analytics, web conferencing, and third-party application integration capabilities. The company derives revenue from subscriptions to its cloud-based solutions, typically on an annual basis. A large majority of the firm's revenue is generated in the United States.
Generating Revenue/Not Profitable
Publicly Held
Formerly VC-backed
The company (NYS: RNG) was in talks to be acquired by undisclosed private equity investors through a $2 billion LBO on August 9, 2017. Strategic industry buyer like Alphabet was also interested in acquiring the company. Subsequently, the deal was cancelled. Previously, Sequoia Capital and Khosla Ventures sold their full stake in the company (NYSE:RNG) for an undisclosed amount on March 31, 2015.
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