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Ericsson to acquire cloud communications company Vonage for $6.2B

Ericsson, an international networking company, decided it needed a dose of modernization and this morning announced its intent to acquire cloud communications company Vonage in a $6.2 billion deal. With Vonage, Ericsson is getting a more modern approach to communications that includes a cloud contact center, communications APIs (like Twilio’s) and a voice over internet protocol (VoIP) solution. The company believes that it can build on its 4G and 5G networking technology by taking advantage of the key pieces of the Vonage family.

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