Partnership Between ITEXPO Exhibitors RingCentral and Avaya pops Ring’s Stock 54%!

Shares of RingCentral have advanced 54% since the company announced at the start of October that it would become the exclusive provider of cloud-based UC solutions to Avaya. After rising 104% last year, RingCentral stock is up 17% YTD. Last week, the shares hit a new all-time high of $201.61.

Robert DeFrancesco, Forbes

This looks to be a strong expansion year for RingCentralas the company is already ramping up the Avaya partnership, which closed on October 31. As part of the arrangement, the two companies are working together to develop programs to make sure Avaya’s on-premises UC customers have an easy transition to the cloud. 

Automated configuration tools will be jointly developed to reduce complexities and simplify the migration. Also, the companies are collaborating to introduce a new solution built on RingCentral’s technology platform called Avaya Cloud Office (ACO). Set for a Q1 launch, ACO should start to move the needle in terms of financial contribution by the end of 2020, providing a tailwind for 2021.

Earlier today, we broke the news about the partnership between Avaya and Noble Systems.

Both Avaya and RingCentral will be exhibiting at the ITEXPO #TECHSUPERSHOW, Feb 11-14, 2020 in Fort Lauderdale, FL.

See the ONLY UCaaS, CPaaS and Collaboration vendors that matter at the ITEXPO #TECHSUPERSHOW:

Amazon, Cisco, Google, IBM, 8×8, ClearlyIP, Avaya, Vonage, 8×8, Comcast Business, BlueJeans, CoreDial, Dell, Edify, Epygi, FreeSWITCH, Grandstream, Granite, Intrado, Frontier Business, Fujitsu, Jenne, West, Konftel, Intelisys, Martello, NetSapiens, OOMA, Oracle, OpenVox, Peerless Network, Phone Sentry, Phone.com, Poly, QuestBlue, RingCentral, RingByName, Sangoma, SingTel, Spracht, Spectrum, Sprint, Tallac, Tech Data, Telarus, TCG, Teledynamics, Teli, Telinta, Telispire, Telstra, Unified Office, Vital PBX, VoIP Supply, Voxbone, VoIP.MS, Windstream, XCALY, XORCOM, Yealink, Yubox, and ZYCOO. Full List.

Join others with $8.5B+ in IT buying power who plan 2020 budgets! Including 3,000+ resellers!

A unique experience with a collocated Future of Work ExpoSD-WAN Expo, and MSP Expo

Feb 11-14, 2020, Fort Lauderdale, FL. Register now.


 

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