Alcatel-Lucent Enterprise and RingCentral Enter into a Strategic Partnership
August 11 2020 - 4:00AM
Business Wire
Alcatel-Lucent Enterprise, a leading provider of communications,
networking and cloud solutions, and RingCentral, Inc. (NYSE: RNG),
a leading provider of global enterprise cloud communications,
collaboration and contact center solutions, today announced that
they have entered into a strategic partnership to introduce a new
co-branded cloud solution – Rainbow Office powered by RingCentral –
making it unique and exclusive for Alcatel-Lucent Enterprise.
RingCentral and Alcatel-Lucent Enterprise will jointly develop
programs enabling both companies to lead the cloud communications
services for the enterprise market.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200811005259/en/
“We are excited to partner with Alcatel-Lucent Enterprise and to
bring our industry-leading cloud communications solutions to their
customers and partners,” said Vlad Shmunis, founder, chairman and
CEO. “Alcatel-Lucent Enterprise’s strong presence in Europe and
beyond will enhance our ability to jointly enable customers and
partners accelerate their migration to cloud communication
solutions in these markets.”
Alcatel-Lucent Enterprise’s mission is to deliver customized
technology experiences to enterprises with a verticalized business
approach in networking, communications, and cloud. Rainbow Office
powered by RingCentral will enrich the company’s cloud portfolio
enabling customers to accelerate their digital transformation with
public Unified Communications as a Service (UCaaS).
“Customers demand agile, robust and secured cloud communication
and collaboration solutions in today’s high-speed technology
world,” said Jack Chen, CEO of Alcatel-Lucent Enterprise. “For our
customers and partners, this strategic partnership enables us to
offer them a wider choice of technology-leading cloud solutions, to
comprehensively cover their business needs. This partnership will
also enable Alcatel-Lucent Enterprise to accelerate the development
and transformation of our cloud business to become the number one
player in cloud solutions in Europe and beyond focusing on vertical
solutions and services to make everything connect. It will bring
significant opportunities for our well-established business partner
ecosystem and strong values for our customers.”
Rainbow Office powered by RingCentral will be available in the
first quarter of 2021.
Financial Terms:
Under the commercial agreement, both companies will contribute
resources towards development and sales & marketing of Rainbow
Office powered by RingCentral. RingCentral will pay Alcatel-Lucent
Enterprise $100 million in cash for exclusive access, a minimum
seat commitment, and future commissions.
Conference Call Details:
The companies also announced that they will hold a conference
call today August 11, 2020 at 5:15 AM Pacific Time (8:15 AM Eastern
Time) to discuss this partnership.
- When: Tuesday, August 11, 2020 at 5:15AM PT (8:15AM
ET).
- Dial-in: To access the call in the United States, please
call 1-877-705-6003, and for international callers, dial
1-201-493-6725. Callers are encouraged to dial into the call 10 to
15 minutes prior to the start to prevent any delay in joining.
- Webcast: http://ir.ringcentral.com/ (live and
replay).
- Replay: Following the completion of the call through
11:59 PM ET on August 18, 2020, a telephone replay will be
available by dialing 1-844-512-2921 from the United States or
1-412-317-6671 internationally with recording access code
13708193.
Investor Presentation Details:
An investor presentation providing additional information and
analysis can be found at http://ir.ringcentral.com/.
About Alcatel-Lucent Enterprise
Alcatel-Lucent Enterprise delivers the customized technology
experiences enterprises need to make everything connect. Their
digital-age networking, communications and cloud solutions tailored
to ensure customers’ success, are offered with flexible business
models; in the cloud, on premises, and hybrid. These solutions have
built-in security and are designed to limit their environmental
impact. Over 100 years of innovation have made Alcatel-Lucent
Enterprise a trusted advisor to more than 830,000 customers in 100
countries around the world. The privately-owned company with
headquarters in France has over 2900 direct business partners
worldwide, achieving an effective global reach with a local
focus.
For more information, visit our web site at:
https://www.al-enterprise.com/.
For ongoing news, visit our LinkedIn, Facebook and Twitter.
About RingCentral
RingCentral, Inc. (NYSE: RNG) is a leading provider of cloud
Message Video Phone™ (MVP), customer engagement and contact center
solutions for businesses worldwide. More flexible and
cost-effective than legacy on-premise PBX and video conferencing
systems that it replaces, RingCentral empowers modern mobile and
distributed workforces to communicate, collaborate, and connect via
any mode, any device, and any location. RingCentral’s open platform
integrates with leading third-party business applications and
enables customers to easily customize business workflows.
RingCentral is headquartered in Belmont, California, and has
offices around the world.
Forward-Looking Statements
This press release contains “forward-looking statements,”
including but not limited to, statements regarding RingCentral’s
future financial and operating performance, RingCentral’s future
financial and operating performance, RingCentral’s plans to partner
with Alcatel-Lucent Enterprise to offer Rainbow Office powered by
RingCentral, the anticipated benefits of and activity under
RingCentral’s strategic partnership with Alcatel-Lucent Enterprise,
including the ability to create a long-term growth opportunities
for RingCentral, as well as those risks and uncertainties included
under the captions “Risk Factors” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations,” in
RingCentral’s Form 10-Q for the quarter ended June 30, 2020, filed
with the Securities and Exchange Commission; and in other filings
RingCentral makes with the Securities and Exchange Commission from
time to time.
All forward-looking statements in this press release are based
on information available to RingCentral as of the date hereof, and
we undertake no obligation to update these forward-looking
statements, to review or confirm analysts’ expectations, or to
provide interim reports or updates.
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version on businesswire.com: https://www.businesswire.com/news/home/20200811005259/en/
Investor Relations Contacts: Cliff Warder, Alcatel-Lucent
Enterprise Cliff.Warder@al-enterprise.com +44 7736 121 506 Ryan
Goodman, RingCentral + 1 (650) 918-5356
Ryan.Goodman@ringcentral.com Press Contacts: Maire Collins,
Alcatel-Lucent Enterprise Maire.Collins@al-enterprise.com + 33 6 38
64 43 39 Jyotsna Grover, RingCentral + 1 650-513-8712
jyotsna.grover@ringcentral.com
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