#20: Mitel-RingCentral Partnership
Following channel-changing deals with Avaya, Atos, Alcatel-Lucent and more, UCaaS giant RingCentral formed yet another huge partnership, this time in November with Mitel.
The deal gives Mitel’s global customer base with a migration path to RingCentral’s Message Video Phone (MVP), RingCentral’s cloud phone system. And with the partnership, RingCentral becomes the exclusive UCaaS partner for Mitel.
RingCentral is paying Mitel $650 million to acquire intellectual property rights and patents covering network and call management, security and infrastructure. In turn, Mitel’s investor group led by affiliates of Searchlight will invest $200 million in equity in RingCentral.
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