ThinkingPhones, a unified communications as a service (UCaaS) company, acquired Fuze, a San Francisco-based video conferencing company.
The financial terms of the deal were disclosed.
The acquisition will allow ThinkingPhones to expand its platform. Its customers will have the opportunity to use Fuze’s video conferencing platform alongside their current ThinkingPhones services.
The fully integrated product experience is planned for general availability in 2016.
Based in San Francisco with additional offices in Palo Alto and Seattle, Fuze enables distributed teams to work across distances through HD-quality voice and video conferencing and content sharing across devices, desktops, and meeting rooms. Its solutions are used by more than 100,000 companies including Groupon, Starbucks, Macys.com, and Thoughtworks. The company is backed by Index Ventures, Khosla Ventures, Hermes Growth Partners and Insight Venture Partners.
Led by Steve Kokinos, co-founder and CEO, and Derek Yoo, co-founder and CTO, ThinkingPhones provides a mobile-enabled, analytics-driven business communications platform which unifies voice, text, and conferencing services on a single cloud solution.
The company, which has locations in Boston, New York, Ottawa, London, Amsterdam, Portugal, Paris, Zurich, and Copenhagen, had previously acquired Contactive, a multi-platform product that optimizes business communications, and Whaleback, a New Hampshire-based company that provides managed, cloud-based services to medium-sized businesses.
FinSMEs
16/11/2015