RingCentral Expands Video Offerings With Acquisition of Events and Session Product Lines From Hopin
02 Agosto 2023 - 9:00AM
Business Wire
Completes video portfolio to address enterprise
communications needs including meetings, webinars, rooms, and now
virtual and hybrid events
RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered
global enterprise cloud communications, video meetings,
collaboration, and contact center solutions, today announced the
acquisition of select assets from Hopin, a leading provider of
online audience engagement technology, including its flagship
Events platform and Session product. Hopin Events is an all-in-one
event management platform that enables planning and producing
virtual and hybrid events. Hopin Session is a highly personalized
engagement solution.
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The acquisition includes technology assets, customer
relationships, and engineering, product, and go-to-market talent
from Hopin. This acquisition expands RingCentral’s video solutions
and strengthens the company’s ability to offer customers more
choice, including specialized video use cases around interactive
events.
“We see an opportunity to redefine how video communication is
experienced. This acquisition is a key next step in our journey to
deliver more personalized and engaging video meetings and events
for customers,” said Vlad Shmunis, Founder, Chairman, and CEO of
RingCentral. “We expect the technology and outstanding talent from
Hopin will accelerate our ability to achieve these goals and help
us differentiate our entire video portfolio.”
An all-in-one event management platform, Hopin Events is
optimized for connecting and engaging attendees and makes planning,
producing, and reliving event experiences easy. The platform
provides a robust set of features to host virtual or hybrid events
of various sizes and formats, including conferences, multi-track
sessions, networking, sponsor booths, and robust registration
tools. Hopin Session is known for making meetings highly
interactive, engaging, and personalized.
“We’ve built a world-leading events platform trusted by both
internal and customer-facing teams at large enterprises and SMBs
around the world,” said Johnny Boufarhat, Founder and CEO of Hopin.
“We are thrilled to see the technology that Hopin has been
developing over the years find a new home with RingCentral, a
recognized UCaaS and CCaaS leader. We’re excited about
RingCentral’s plans to grow and invest in the Events and Session
platforms as we continue to pursue our vision of building a
Community Suite for creators and influencers.”
The mission of RingCentral is to simplify business
communications in any mode, on any device, anywhere, while
executing on its vision to deliver intelligent, connected
experiences.
RingCentral’s video suite currently includes:
- RingCentral Video – a cloud-based meetings solution that
lets customers start, schedule, or join meetings from anywhere,
including a web browser, a desktop app, or a mobile app.
- RingCentral Rooms – a cloud-based video conference room
solution that brings video collaboration into any space.
- RingCentral Webinar – a solution that allows customers
to broadcast a meeting to a large audience of up to 10,000
participants from desktop, browser, or mobile.
With this acquisition, this suite will now be extended to
include hosting and management of virtual and hybrid events, all at
competitive pricing.
“Amidst the strong desire for a return to live events, budget
constraints have hindered pre-pandemic corporate crowd capacities,
and organizations continue to grapple with the complexities of
hosting quality hybrid meetings, often leaving remote attendees
with substandard experiences,” said Melody Brue, VP & Principal
Analyst of Modern Work at Moor Insights & Strategy.
“RingCentral's acquisition of the Hopin Events and Hopin Session
platforms complements the company's video product portfolio and
helps address challenges in how people gather today. The Hopin
Events platform's maturity and its seasoned team should also
position RingCentral to evolve with how people gather virtually in
the future.”
The terms of the transaction were not disclosed.
About RingCentral
RingCentral is a leading global provider of cloud-based business
communications and collaboration solutions that seamlessly combine
phone, messaging, video meetings, and contact center. RingCentral
empowers customers with AI-powered conversation intelligence that
unlocks insights from their interaction data to accelerate business
outcomes. With decades of expertise in reliable and secure cloud
communications, RingCentral has earned the trust of millions of
customers and thousands of partners worldwide. Visit
ringcentral.com to learn more.
© 2023 RingCentral, Inc. All rights reserved. RingCentral and
the RingCentral logo are trademarks of RingCentral, Inc.
About Hopin
Hopin is changing the way creators and companies create
community online. Millions of people use Hopin’s products, which
include StreamYard, Streamable, and Superwave (beta), to create
connections, build community, and power their businesses. Hopin is
a fully remote company. Learn more at hopin.com.
© 2023 Hopin, Ltd. All rights reserved. Hopin and the Hopin logo
are trademarks of Hopin, Ltd.
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version on businesswire.com: https://www.businesswire.com/news/home/20230802513699/en/
PR Contacts: Mariana Leventis, RingCentral 650-562-6545
mariana.leventis@ringcentral.com
Dave Schools, Hopin dave@hopin.com
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