RingCentral

Rank#2851

Market Cap6.00B

CountryUnited States

Summary

RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers. The company's products also comprise RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; RingCentral Video, a video meeting service which includes our RCV video and team messaging capabilities and offers video and audio conferencing, file sharing, contact, task, and calendar management. In addition, it offers RingCentral Professional, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. RingCentral, Inc. has strategic partnerships with Alcatel-Lucent Enterprise; and Vodafone Business. The company was incorporated in 1999 and is headquartered in Belmont, California.

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 and Silicon Valley Bank 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 in March 2014 that raised $39.8 million.In May 2019, it purchased naming rights to the Oakland Coliseum, renaming RingCentral Coliseum.In February 2020, RingCentral and Avaya unveiled the Avaya Cloud Office application. Within four months, RingCentral shares rose 54%.In April 2020, RingCentral launched RingCentral Video, a video-conferencing product.

Mission

We are reimagining the world of communications by breaking down barriers and empowering businesses across the globe to work as one. Our rapid growth and journey to global industry leader is largely thanks to our number one asset—our people. That’s why we invest heavily in a dynamic and diverse company culture that creates amazing job opportunities.

Vision

RingCentral's vision for how enterprises will transform the way they communicate, collaborate, and connect through the cloud; which services they'll consume; and how this new environment will change the way IT supports users evolving needs for a more connected digital workplace.

References

https://en.wikipedia.org/wiki/RingCentral

https://in.investing.com/equities/ringcentral-inc

https://finance.yahoo.com/quote/RNG/profile?p=RNG

https://www.comparably.com/companies/ringcentral/mission

https://www.crunchbase.com/organization/ringcentral

https://sec.report/CIK/0001384905

https://companiesmarketcap.com/

https://www.ringcentral.com

Leadership team

Mr. Vladimir G. Shmunis (Founder, Chairman & CEO)

Mr. John H. Marlow (Chief Admin. Officer, Sr. VP of Corp. Devel., Gen. Counsel & Sec.)