RingCentral Press Releases

Stay on top of breaking news and stories from RingCentral—including new partnerships, customer successes, and event announcements.

May 9, 2022

RingCentral Appoints Sonalee Parekh as Chief Financial Officer

Mo Katibeh appointed as President and Chief Operating Officer RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, collaboration, video meetings, and contact center solutions, today announced that Sonalee Parekh has been appointed as RingCentral’s Chief Financial Officer and will join the Company in her new role by May 31, 2022. Parekh will be responsible for all the company’s financial functions, including financial planning, controllership, tax, treasury, corporate development and investor relations. The company also announced that Mo Katibeh, Chief Operating Officer, has been appointed as President of RingCentral, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220509006101/en/ Sonalee Parekh, courtesy of RingCentral An experienced business leader, Parekh joins from Hewlett Packard Enterprise (HPE) where she served as CFO of the company’s Communications

May 9, 2022

RingCentral Announces First Quarter 2022 Results

Q1'22 results exceed high end of guidance across all metrics Raises 2022 subscription revenue and operating margin outlook Appoints Sonalee Parekh as Chief Financial Officer and Mo Katibeh as President RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the first quarter ended March 31, 2022. First Quarter Financial Highlights Total revenue increased 33% year over year to $468 million. Subscriptions revenue increased 35% year over year to $440 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 35% year over year to $1.9 billion. Mid-market and Enterprise ARR increased 46% year over year to $1.2 billion. Net cash provided by operating activities was $59 million and non-GAAP free cash flow was $39 million. Free cash flow represented 8.2% as a percent of total revenue, up 170 basis points year over year. “We had a very strong

May 4, 2022

RingCentral® Enables Canada’s Top Insurance Services Company, SCM®, to Support Its Mobile and Hybrid Workforce to Better Serve Clients

SCM Insurance Services , the parent company of Canada’s largest independent claims management firm, enables its employees and clients to stay better connected and productive with RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions. RingCentral makes it easier for SCM’s mobile and hybrid workforce to respond to clients and deliver outstanding customer service. With RingCentral MVP ™ (Message Video Phone ™ ), SCM’s claims adjusters can call, meet, and message from anywhere all from one app. During catastrophic events like wildfires and floods, the speed and responsiveness of claim handlers can mean everything to the victims. As such, SCM needed to replace its disjointed network of legacy communications systems that struggled to support its growing mobile and hybrid workforce. With its new RingCentral cloud communications solution, SCM is better positioned to provide fast, personal

April 19, 2022

RingCentral Announces Date of First Quarter 2022 Financial Results Conference Call

RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that it will report financial results for the first quarter ended March 31, 2022 after market close on Monday, May 9, 2022. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing (888) 349-0093 from the United States or (412) 317-5201 internationally with reference to the company name and conference title, and a live webcast and replay of the conference call can be accessed from the investor relations page of RingCentral’s company website at http://ir.ringcentral.com . Following the completion of the call through 11:59 PM Eastern Time on May 16, 2022, a telephone replay will be available by dialing (844) 512-2921 from the United States or (412) 317-6671

March 28, 2022

CRN® Honors RingCentral® With A 5-Star Rating for Its Outstanding Partner Program and Awards Its Channel Sales Leader

RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, collaboration, video meetings, and contact center solutions, is being celebrated by CRN ® , a brand of The Channel Company , with a prestigious 5-star rating in its 2022 Partner Program Guide for the seventh consecutive year. CRN also recently awarded RingCentral’s SVP of Global Channel Sales, Zane Long, to its 2022 Channel Chiefs list for the sixth consecutive year. CRN’s annual Partner Program Guide provides a definitive list of the most notable partner programs from industry-leading technology vendors that provide innovative products and flexible services through the IT channel. The 5-star rating is achieved only by select vendors that deliver the best of the best and go above and beyond in their partner programs to help push growth and positive change. RingCentral’s noteworthy Partner Program has one guiding tenet: make it easy for partners to work with RingCentral. It starts by

March 17, 2022

RingCentral Announces Innovations to Make Hybrid Work Simple

Latest capabilities simplify communications and enhance the employee experience RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced several new innovations designed to make hybrid work simple. “The world of work has changed and businesses are replacing outdated and cumbersome technology, tools, and platforms to simplify the lives of their employees,” said Kira Makagon, chief innovation officer. “At RingCentral, our mission has always been to give users cloud communications technology that solves real world challenges but is also easy to set-up, use, and manage. Our latest innovations address the widespread challenges associated with hybrid work empowering organizations to deliver transformative employee and customer experiences that more effectively connect and empower global teams with simple and flexible communications and collaborations.” There are various new

March 15, 2022

RingCentral Announces New Webinar Solution Offering an Exceptionally Simple and Stress-Free Experience

Integrated into RingCentral Message Video Phone and available as a stand-alone solution, RingCentral Webinar is easy to set up, easy to use, and easy to manage Key Highlights Provides customization, APIs, integrations, and analytics to simplify registration, promotion, and tracking Simplifies webinars from set up, to hosting, and measuring events for up to 10,000 attendees at initial beta launch No download required - Attendees can join via their browser, any mobile device, desktop app, or dial in options RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the beta launch of RingCentral Webinar™, available to customers as an add-on to RingCentral’s flagship offering – RingCentral Message Video Phone (MVP®). The new product, which can be accessed through a web browser or through RingCentral’s unified application, has been built from the ground up to ensure radical

March 3, 2022

Frontier Teams Up with RingCentral to Transform the Small Business Communications Experience

New study from RingCentral finds the majority of SMBs welcoming hybrid work RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the findings of its 2021 State of Hybrid Work report, an in-depth look at how small and medium businesses (SMBs) are managing their workforces during the COVID-19 pandemic. The report includes findings from interviews with over 1,000 respondents from companies employing from one to a hundred employees. It suggests that the majority of small and medium businesses have already embraced people working from anywhere and plan to support a mix of in-office and remote working for the long term future. According to these findings, while the majority of organizations plan to support a hybrid workforce post-pandemic, smaller businesses are the early movers today. “The way businesses connect and communicate has fundamentally changed and perhaps contrary

March 1, 2022

New Education Products from RingCentral Address Today’s Hybrid Learning Challenges

RingCentral Education Essentials and RingCentral Education Standard facilitate hybrid learning, support campus safety, and connect school communities all through a single unified app RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced two new products to meet the current and evolving demands in education. Based on RingCentral’s flagship offering RingCentral Message Video Phone (MVP®), RingCentral Education Essentials™ and RingCentral Education Standard™ are designed to provide flexible solutions for the hybrid or virtual classroom, district, or campus. The RingCentral Education™ products help students, educators, and administrators connect over message, phone, and video all through a single, unified application. “Education across the globe is evolving. New models of hybrid learning are here to stay, and educators and learners need the flexibility to communicate and

February 22, 2022

RingCentral Announces Fourth Quarter 2021 Results

RingCentral Total ARR at $1.8 billion, up 39% Mid-Market and Enterprise ARR surpasses $1 billion, up 52% RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the fourth quarter and fiscal year ended December 31, 2021. Fourth Quarter Financial Highlights Total revenue increased 34% year over year to $448 million. Subscriptions revenue increased 37% year over year to $420 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 39% year over year to $1.8 billion. RingCentral Office ® ARR increased 41% year over year to $1.7 billion. Mid-market and Enterprise ARR increased 52% year over year to $1.1 billion. “Fourth quarter results were outstanding, driven by continued momentum with upmarket customers and ramping contributions from our key partners,” said Vlad Shmunis, RingCentral’s founder, chairman and CEO. “Our commitment to

February 21, 2022

Zoom and RingCentral Announce Settlement of Litigation

RingCentral, Inc. (NYSE: RNG) and Zoom Video Communications, Inc. (“Zoom”) (NASDAQ: ZM) today announced that the companies have agreed to mutually withdraw from various legal proceedings and will continue to work together while RingCentral transitions existing customers from the legacy RingCentral Meetings (RCM) service to the new RingCentral Video® (RCV™). This agreement resolves all of the parties’ claims in the litigation, and the parties have dismissed their complaints with prejudice. “We are pleased to have resolved this matter in a way that allows the parties to continue the wind down of their partnership,” said Jeff True, General Counsel at Zoom. “Today's agreement with Zoom removes any uncertainty in the ability of RingCentral's existing customers to migrate to RingCentral Video in an orderly manner, and in a time frame that is customer driven,” said John Marlow, Chief Administrative Officer, and General Counsel at RingCentral. “During the transition period RingCentral

February 17, 2022

Deutsche Telekom and RingCentral Expand Partnership to Launch ‘RingCentral X powered by Telekom’ for Deutsche Telekom Business Customers

RingCentral X powered by Telekom includes RingCentral Message Video Phone (MVP) in a single solution for all Deutsche Telekom business customers Deutsche Telekom and its partner RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions today announced an expansion of their partnership to offer customers ‘RingCentral X powered by Telekom,’ an end-to-end communications and collaboration solution. RingCentral X powered by Telekom includes RingCentral Message Video Phone (MVP®) and will be available at the end of Q1’22 to all Deutsche Telekom business customers in Germany. RingCentral X powered by Telekom brings together RingCentral’s team messaging, video meetings, and a cloud phone system on a single platform for customers of all sizes, enabling them to work from everywhere. This press release features multimedia. View the full release here:

February 3, 2022

Vodafone Business and RingCentral Bring Flexible Cloud Communications Solutions to Organisations Across Europe and Asia

Vodafone Business and RingCentral Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact centre solutions, today unveiled ‘ Vodafone Business UC with RingCentral ,’ a powerful new communications platform that brings together RingCentral’s flagship offering RingCentral Message Video Phone™ (MVP™) with Vodafone’s mobility and 5G capabilities to give customers more choice, flexibility, and simplicity when it comes to workforce collaboration and remote working. Vodafone Business UC with RingCentral will be rolled out in the UK, Germany, Hong Kong, Italy, Portugal, Singapore, Spain, and Sweden. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220203005342/en/ The way people work and collaborate has changed. There is an increased focus on enabling people to work from anywhere. To support hybrid work, companies need a secure, reliable, and flexible cloud

February 3, 2022

Vodafone and RingCentral Launch New Cloud Communications Platform for Businesses

  • Vodafone and RingCentral jointly launch ‘Vodafone Business UC with RingCentral’, a unified cloud communications platform, in the UK
  • The solution brings together RingCentral’s unified platform with team messaging, video meetings, and cloud phone system, and provides an optimised experience on any device, for anyone, anywhere 
  • This new platform provides a simple solution to help organisations as they prepare for existing networks - Integrated Services Digital Network (ISDN) and Public Switched Telephone Network (PSTN) - to be shut down in 2025

United Kingdom: Vodafone and RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact centre solutions, have today launched ‘Vodafone Business UC with RingCentral’, a cloud communications platform offering organisations more choice, flexibility, and simplicity when it comes to workforce collaboration and remote working. 

The way businesses work and collaborate has transformed significantly. There is an increased focus on helping people work from anywhere, with secure and reliable communications tools including team messaging, video meetings, and a cloud phone system. The cloud communications platform ensures businesses have an agile and reliable solution to meet the challenges of today’s hybrid working environment so people can be productive and get their work done, wherever they might be.  

This new unified communications platform from Vodafone and RingCentral is particularly important to organisations preparing for the impact of the UK’s 2025 shutdown of existing ISDN and PSTN networks, on which the vast majority of businesses rely.

‘Vodafone Business UC with RingCentral’ provides businesses with an effective way to move from existing infrastructure on to cloud connectivity through a single, unified app. The solution is highly secure and robust and offers an expanded portfolio of unified communication and collaboration capabilities, including call recording and HD video meetings. 

These features can be run standalone or integrated with various business applications, including Microsoft 365 and leading Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) and Helpdesk services – ensuring everything works in sync. 

Vodafone Business UC with RingCentral includes real-time analytics, extensive call management, and team collaboration and task management capabilities, which will be available to businesses of all sizes. 

Nick Gliddon, Business Director, Vodafone said: “We’re excited to be working with RingCentral to bring to market a unified communications solution that meets a real business need.  This platform will help people work effectively and securely no matter where they are.”

Yves Desmet, Vice President, Global Service Providers EMEA, RingCentral, said: “At RingCentral we are focused on bringing people the best communications capabilities across team messaging, video meetings, and a cloud phone system. Bringing together the power and strengths of Vodafone with RingCentral’s leadership in unified communications, we are giving people the communications capabilities they need to get their work done, through a single mobile app. Additionally, our open platforms and joint innovation are paving new paths to productivity and engagement around the world.”

To find out more about Vodafone Business UC with RingCentral solutions visit: https://www.vodafone.co.uk/business/unified-communications/vodafone-with-ringcentral

About Vodafone in the UK: Vodafone is a technology communications company that connects people, businesses, and devices to help our customers benefit from digital innovation. Our services span mobile, fixed line connections, home and office broadband, and the Internet of Things (IoT).

We have a strong track record as a tech pioneer, making the UK’s first mobile phone call, sending the first text message, and making the UK’s first live holographic call using 5G in 2018. We were also the first to start carrying live 5G traffic from a site in Salford, Greater Manchester. We have 5G in 100 locations in the UK and 240 across Germany, Spain, Italy, and Ireland.

Our 4G network coverage currently reaches more than 99% of the UK population. 

Today, Vodafone serves more than 18 million mobile and fixed-line customers in the UK. To help deliver Gigabit UK, our full-fibre broadband roll-out programme now covers 15 UK towns and cities through partnerships with CityFibre and Openreach.

For more information about Vodafone UK please visit: www.vodafone.co.uk.

About RingCentral:  RingCentral, Inc. (NYSE: RNG) is a leading provider of business cloud communications and contact centre solutions based on its powerful Message Video Phone™ (MVP™) global platform. More flexible and cost effective than legacy on-premises PBX and video conferencing systems that it replaces, RingCentral empowers modern mobile and distributed workforces to communicate, collaborate, and connect via any mode, any device, and any location.

RingCentral offers three key products in its portfolio including RingCentral MVP™, a Unified Communications as a Service (UCaaS) platform including team messaging, video meetings, and cloud phone system; RingCentral Video®, the company's video meetings solution with team messaging that enables Smart Video Meetings™; and RingCentral cloud Contact Center solutions. RingCentral’s open platform integrates with leading third-party business applications and enables customers to easily customise business workflows. RingCentral is headquartered in Belmont, California, and has offices around the world.

© 2021 RingCentral, Inc. All rights reserved. RingCentral, Message Video Phone, MVP, RingCentral MVP, RingCentral Video, RingCentral Contact Centre, Smart Video Meetings, and the RingCentral logo are trademarks of RingCentral, Inc.

 

February 1, 2022

RingCentral Announces Date of Fourth Quarter 2021 Financial Results Conference Call

RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that it will report financial results for the fourth quarter ended December 31, 2021 after market close on Tuesday, February 22, 2022. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results. A live webcast and replay of the conference call can be accessed from the investor relations page of RingCentral’s company website at http://ir.ringcentral.com . About RingCentral RingCentral, Inc. (NYSE: RNG) is a leading provider of business cloud communications and contact center solutions based on its powerful Message Video Phone™  (MVP®) global platform. More flexible and cost effective than legacy on-premises PBX and video conferencing systems that it replaces, RingCentral empowers modern mobile and distributed

January 10, 2022

Mo Katibeh, Former Chief Product Officer and Chief Marketing Officer for AT&T Business, to Join RingCentral as Chief Operating Officer

RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that Mo Katibeh, former Chief Product Officer and Chief Marketing Officer for AT&T Business, will join the company as Chief Operating Officer, reporting to founder, chairman and CEO Vlad Shmunis. Katibeh will be responsible for RingCentral’s products, sales, marketing, and customer experience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220110005289/en/ Mo Katibeh, courtesy of RingCentral Over his 20 year career, Katibeh held multiple executive positions at AT&T, including EVP Chief Product & Platform Officer and EVP Chief Marketing Officer of AT&T Business where he oversaw all product and marketing responsibilities, as well as go-to-market sales for digital, wholesale, and indirect channels - and was recognized as one of the World’s Most