#20: RingCentral Considering 8×8 Takeover?

Now here’s one that would shake up the channel. Just the mention of the possibility late in the year was enough to crack our top 20.

A source told Investing.com that cloud communications giant RingCentral was working with an investment bank to evaluate a possible purchase of its rival, 8×8.

If such a deal is in the works, contact center as a service (CCaaS) is likely on RingCentral’s mind.

“This acquisition would provide RingCentral with easy access to its own CCaaS offering, as well as communications platform as a service (CPaaS),” COMMFusion president and principal analyst Blair Pleasant told Channel Futures. “While RingCentral’s partnership with NICE is doing very well and NICE CXone is a superior product, many people believe that RingCentral should have its own CCaaS solution.”

Read the full story that had the channel talking right before Thanksgiving.