Vonage

Alongside Twilio, Vonage is a pioneer in CPaaS.

“Vonage is leveraging its considerable assets in the form of the Vonage Communications Platform (VCP) to provide unified communications as a service (UCaaS) and CCaaS, as well as CPaaS,” says the report.

Since Vonage acquired Nexmo in 2016, VCP’s revenue has grown. This attracted Ericsson, which acquired Vonage in late 2021.

“Ericsson’s rationale for acquiring Vonage is to use VCP and its developer network as the foundation of a global communications platform on which enterprises and telcos can build and/or run applications and services that use the 5G network.”