RingCentral, Inc. completed the acquisition of Connect First, Inc. for $40.5 million.
January 13, 2019
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RingCentral, Inc. (NYSE:RNG) entered into a definitive agreement to acquire Connect First for $40.5 million on January 14, 2019. The total consideration, net of cash acquired, of up to $40.5 million, including up to $4 million in restricted stock units, subject to customary transaction adjustments. The acquisition is expected to close in Q1, 2019, and is estimated to have no material financial impact for the year ending December 31, 2019. Jon Taylor, Matt Burns and Samantha Pjesky of Koenig, Oelsner, Taylor, Schoenfeld & Gaddis PC acted as the legal advisor to Connect First. Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor for RingCentral, Inc.
RingCentral, Inc. (NYSE:RNG) completed the acquisition of Connect First, Inc. on January 14, 2019.
RingCentral, Inc. is a provider of artificial intelligence (AI)-driven cloud business communications, contact center, video, and hybrid event solutions. The Companyâs cloud-based business communications, collaboration, and customer engagement solutions function across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones. The Company offers a fully integrated business communications platform, which includes cloud private branch exchanges (PBX), cloud contact center, video meetings and webinars, and events. Its product portfolio includes RingCentral MVP, Contact Center as a Service (CCaaS), RingCentral Video, RingCentral Events, and RingSense. RingCentral MVP is a unified Communications as a Service (UCaaS) platform, which includes team messaging, video meetings, and a cloud phone system. RingCentral Video is a video meeting solution with team messaging that enables smart video meetings, rooms solutions, and webinars.
RINGCENTRAL, INC. 
