RingCentral, Inc. is an American publicly traded provider of

cloud-based Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mult ...

communication and collaboration products and services for businesses. CEO Vlad Shmunis and CTO Vlad Vendrow founded the company in 1999. Investors included Doug Leone, Sequoia Capital, David Weiden,

Khosla Ventures Khosla Ventures is an American venture capital firm founded by Vinod Khosla, focused on early-stage companies in the Internet, computing, mobile, financial services, agriculture, healthcare and clean technology sectors. Some of its most successf ...

, Rob Theis,

Scale Venture Partners Scale Venture Partners is an early-stage venture capital firm that typically leads Series A or Series B rounds. Over the last 20 years, Scale has made over 380 investments in Cloud, SaaS and Infrastructure companies, with over 159 exits, inclu ...

, Bobby Yerramilli-Rao, Hermes Growth Partners and

DAG Ventures DAG Ventures is an American venture capital firm based in Palo Alto, California. DAG Ventures works with startups in providing early stage and growth stage funding. Since its founding in 2004, by Tom Goodrich and John Cadeddu, the firm has backed ...

. It completed its IPO in 2013.

History

RingCentral founders Shmunis and Vendrow previously worked together at RingZero Systems, where Shmunis was founder/CEO and Vendrow was director of engineering. RingZero was focused on small business communications on Microsoft Windows. The company was sold to Motorola for "double-digit millions". After Motorola changed the focus exclusively on mobile platforms, Shmunis and Vendrow founded RingCentral. RingCentral was bootstrapped from 1999 until it received its first round of venture capital investment in 2006. In 2011, it added

Cisco Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, ...

and

Silicon Valley Bank Silicon Valley Bank is an American commercial bank. SVB is on the list of largest banks in the United States, and is the biggest bank in Silicon Valley based on local deposits. It is a subsidiary of SVB Financial Group. History Silicon Valley Ba ...

as investors and had, to date, secured $45 million in capital investment. It completed its ISO on September 27, 2013, and completed a

follow-on offering A follow-on offering, also known as a follow-on public offering (FPO), is a type of public offering of stock that occurs subsequent to the company's initial public offering (IPO). A follow-on offering can be categorised as dilutive or non-dilu ...

in March 2014 that raised $39.8 million. In May 2019, it purchased naming rights to the Oakland Coliseum, renaming

RingCentral Coliseum Oakland Coliseum, currently branded as RingCentral Coliseum, is a stadium in Oakland, California. It is part of the Oakland–Alameda County Coliseum Complex, with the adjacent Oakland Arena, near Interstate 880. The Coliseum is the home b ...

. In February 2020, RingCentral and

Avaya Avaya Holdings Corp., often shortened to Avaya (), is an American multinational technology company headquartered in Durham, North Carolina, that provides cloud communications and workstream collaboration services. The company's platform inclu ...

unveiled the Avaya Cloud Office application. Within four months, RingCentral shares rose 54%. In April 2020, RingCentral launched RingCentral Video, a video-conferencing product.

Acquisitions

In June 2015, RingCentral acquired Glip, a team collaboration provider. In October 2018, it acquired Dimelo, a Paris-based OmniChannel contact center provider. In January 2019, it acquired Connect First, a Boulder, Colorado-based outbound and blended customer engagement provider. In December 2020, it purchased DeepAffects, which specializes in intelligence-assisted speech recognition. In March 2021, it purchased Kindite, an encryption service provider.

Products

RingCentral's flagship product is RingCentral Office. The company also offers RingCentral Professional, and RingCentral Fax. It also provides a

cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may ...

-based business phone system with PBX features such as multiple extensions, call control; Outlook, Salesforce, Google Docs,

DropBox Dropbox is a file hosting service operated by the American company Dropbox, Inc., headquartered in San Francisco, California, U.S. that offers cloud storage, file synchronization, personal cloud, and client software. Dropbox was founded in 2007 ...

and Box integration; SMS; video conferencing and web conferencing; fax; auto-receptionist; call logs; and rule-based call routing and answering. Unlike most cloud-based technologies, business customers are not required to invest capital or purchase maintenance contracts.

RingCentral Office

RingCentral Office is a cloud-based PBX system for businesses. RingCentral Office features include call auto-attendant, company directory, call forwarding and handling, multiple extensions, a mobile app for iPhone and Android, Business SMS, video conferencing and screen-sharing, and fax.

RingCentral Professional

RingCentral Professional is a suite that provides a telephone number, voice mail, dial-by-name directory, call forwarding, and other features through iPhone and Android apps for phones and other devices.

RingCentral Fax

RingCentral Fax lets users send and receive faxes via the Internet without a fax machine. It integrates with Dropbox, Box, and Google Docs.

Other products

RingCentral Meetings is a video conferencing product based the Zoom software application RingCentral Webinar allows companies to host HD-ready virtual events with up to 3000 attendees. RingCentral Rooms is a web-conference management tool.

RingCentral Glip

In June 2015, RingCentral acquired Glip, a persistent workstream collaboration platform that adds team messaging, document sharing, task and event management, and other collaboration functionality to the RingCentral platform.

Offices

RingCentral's headquarters are in

Belmont, California Belmont is a city in San Mateo County in the U.S. state of California. It is in the San Francisco Bay Area, on the San Francisco Peninsula about halfway between San Francisco and San Jose. Known for its wooded hills, views of the San Franci ...

, with other US offices in Denver, Charlotte, Boulder and Boca Raton. It has international offices in Toronto; London; Sofia, Bulgaria ; Paris; Singapore; Manila; Bangalore;

Xiamen, China Xiamen ( , ; ), also known as Amoy (, from Hokkien pronunciation ), is a sub-provincial city in southeastern Fujian, People's Republic of China, beside the Taiwan Strait. It is divided into six District of the People's Republic of China, ...

; and Odessa, Ukraine.

References

External links

* {{DEFAULTSORT:Ringcentral Telecommunications companies of the United States American companies established in 1999 Companies based in San Mateo, California VoIP companies Cloud communication platforms 2013 initial public offerings Companies listed on the New York Stock Exchange 1999 establishments in California