Ericsson completes new acquisition

Ericsson says it has completed the acquisition of Vonage Holdings Corp. aimed at providing it with access to powerful building blocks to offer a full suite of communications solutions

Key highlights:

*Vonage becomes wholly owned subsidiary of Ericsson from July 21, 2022

*Vonage acquisition enables Ericsson to create a market for easy to adopt global network Application Program Interfaces (“APIs”); this will drive the next wave of digitalization

*Ericsson will generate near-term synergies from bringing Vonage Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions to its existing customers

*Rory Read, Vonage CEO, appointed member of Ericsson’s Executive Team