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RingCentral Expands Video Offerings With Acquisition of Events and Session Product Lines From Hopin
3 Aug, 2023
Completes video portfolio to address enterprise communications needs including meetings, webinars, rooms, and now virtual and hybrid events
BELMONT, CA - August 2, 2023 -
RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the acquisition of select assets from
Hopin, a leading provider of online audience engagement technology, including its flagship Events platform and Session product. Hopin Events is an all-in-one event management platform that enables planning and producing virtual and hybrid events. Hopin Session is a highly personalized engagement solution. The acquisition includes technology assets, customer relationships, and engineering, product, and go-to-market talent from Hopin. This acquisition expands RingCentral’s video solutions and strengthens the company’s ability to offer customers more choice, including specialized video use cases around interactive events. “We see an opportunity to redefine how video communication is experienced. This acquisition is a key next step in our journey to deliver more personalized and engaging video meetings and events for customers,” said Vlad Shmunis, Founder, Chairman, and CEO of RingCentral. “We expect the technology and outstanding talent from Hopin will accelerate our ability to achieve these goals and help us differentiate our entire video portfolio.” An all-in-one event management platform, Hopin Events is optimized for connecting and engaging attendees and makes planning, producing, and reliving event experiences easy. The platform provides a robust set of features to host virtual or hybrid events of various sizes and formats, including conferences, multi-track sessions, networking, sponsor booths, and robust registration tools. Hopin Session is known for making meetings highly interactive, engaging, and personalized. “We’ve built a world-leading events platform trusted by both internal and customer-facing teams at large enterprises and SMBs around the world,” said Johnny Boufarhat, Founder and CEO of Hopin. “We are thrilled to see the technology that Hopin has been developing over the years find a new home with RingCentral, a recognized UCaaS and CCaaS leader. We’re excited about RingCentral’s plans to grow and invest in the Events and Session platforms as we continue to pursue our vision of building a Community Suite for creators and influencers.” The mission of RingCentral is to simplify business communications in any mode, on any device, anywhere, while executing on its vision to deliver intelligent, connected experiences. RingCentral’s video suite currently includes:
- RingCentral Video – a cloud-based meetings solution that lets customers start, schedule, or join meetings from anywhere, including a web browser, a desktop app, or a mobile app.
- RingCentral Rooms – a cloud-based video conference room solution that brings video collaboration into any space.
- RingCentral Webinar – a solution that allows customers to broadcast a meeting to a large audience of up to 10,000 participants from desktop, browser, or mobile.
