{"id":27283,"date":"2023-08-09T14:41:55","date_gmt":"2023-08-09T13:41:55","guid":{"rendered":"\/gb\/en\/blog\/?p=27283"},"modified":"2023-11-28T09:36:35","modified_gmt":"2023-11-28T09:36:35","slug":"acquisition-hopin-events","status":"publish","type":"post","link":"\/gb\/en\/blog\/acquisition-hopin-events\/","title":{"rendered":"Transforming the Future of RingCentral Video Collaboration with the Acquisition of Hopin Events and Session Platforms"},"content":{"rendered":"

By Michael Helmbrecht (VP of Product Management)<\/span><\/i><\/p>\n

We\u2019re excited to announce that RingCentral is acquiring products from Hopin, a leading provider of audience engagement software solutions, which includes the award-winning <\/span>Hopin Events<\/b> platform, an all-in-one event management platform that enables planning and producing event experiences for virtual and hybrid events.<\/span><\/p>\n

We\u2019re also bringing onboard talented engineers, product managers, designers, sales, marketing and support teams from Hopin who have built and led the Hopin business. They bring extensive technical and go-to-market expertise to expand the capabilities of RingCentral across our robust video product line.<\/span><\/p>\n

As an innovation-centric organisation, we\u2019re always looking at how we can provide new and useful capabilities to our customers so they can be more productive and drive better business outcomes. This acquisition is truly an exciting milestone in our journey to transform video communications. It strengthens RingCentral\u2019s position as the complete communications platform, both today and in building our vision for the future. We\u2019re excited to create even more easy-to-use and highly differentiated experiences across meetings, webinars, events and rooms.<\/span><\/p>\n

What are the products being acquired?<\/span><\/h2>\n

\"user<\/p>\n

Hopin Events<\/span><\/h3>\n

Hopin Events is an all-in-one event management platform for <\/span>supporting hybrid and virtual events, such as conferences or summits that have multiple tracks and run for multiple days. Designed to be flexible and highly customisable to fit the complex needs of event organisers, the platform\u2019s capabilities range from supporting hands-on sessions, expo booths, ticket management, post-event data and more. Ideal for event teams, marketing agencies that design and operate events for clients, and HR leaders, Hopin Events will help us deliver the flexible, scalable and interactive experiences which our customers need.<\/span><\/p>\n

Hopin Session<\/span><\/h3>\n

Hopin Session is an interactive product designed for hosting external <\/span>webinars, training and meetings with fully customisable and engaging experiences. It is differentiated by its customisable branding options and highly interactive in-meeting tools.<\/span><\/p>\n

What was the motivation behind the acquisition?<\/span><\/h2>\n

This acquisition expands our video portfolio to cover the most important customer use cases across events, meetings, rooms, and webinars. We believe that combining these new products with RingCentral\u2019s video portfolio and distribution will strengthen our competitive position and better serve our customers. In addition, the Hopin teams that will join us on this journey bring unique skills and experience for catalysing and building a highly differentiated video product line across meetings, webinars, and events.<\/span><\/p>\n

Specifically, here\u2019s why we are excited to make this happen:\u00a0<\/span><\/p>\n

    \n
  1. Expands our Video Portfolio to include virtual events<\/b>: RingCentral will now have a highly regarded virtual events solution for customers to support their fully virtual or hybrid event needs.\u00a0\u00a0\u00a0<\/span><\/li>\n
  2. Provides Highly Engaging Experiences for Customers<\/b>: The highly customisable and engaging in-meeting tools with Events and Session bring an easy-to-use experience that complements our existing video solutions and will also revolutionise the experiences of our RingCentral Video, Rooms, and Webinar products in the future.\u00a0<\/span><\/li>\n
  3. Enhances GTM Execution and Strategy<\/b>: We\u2019re getting an experienced video go-to-market organisation with talented sales, customer success, marketing, and operations teams that will help RingCentral better serve the video communication and collaboration needs of customers.<\/span><\/li>\n<\/ol>\n

    What does this mean for RingCentral and the future of our video business?<\/span><\/h2>\n

    As a company, RingCentral provides exceptional communication and collaboration experiences to meet the needs of users across the enterprise. And in particular, we\u2019re <\/span>driving towards a powerful, unified and modern experience in our Video products. <\/span>Today, our RingCentral Video, Rooms, and Webinar products offer easy to use video capabilities that are tightly integrated across our RingCentral MVP solution and our entire suite of tools to provide exceptional value.<\/span><\/p>\n

    Today, our video product suite addresses the needs of customers with the following:<\/span><\/p>\n