RingCentral for Sale, Will Private Equity Buy UCaaS Provider?
If RingCentral gets acquired, the smart money says the buyer will likely be a private equity firm.
RingCentral Momentum, Challenges
The company has been in growth mode. For its Q2 2017 ended June 30, software subscriptions revenue grew 28% year-over-year to $110.4 million; total revenue grew 30% to $119.4 million; and the company’s net loss shrank slightly to 9 cents per share — down from an 11 cent per share loss in Q2 2016.
RingCentral shares are up about 8.7 percent today amid the M&A chatter.
Despite the upbeat mood, RingCentral faces potential competition from Microsoft — which is ramping up PBX services for Office 365.