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The consideration to Voxbone shareholders amounted to cash in the amount of nearly €354.6 million EUR (nearly $413 million USD), with the remainder being paid in 663,394 shares of Bandwidth Class A common stock (nearly €91.3 million EUR or nearly $106.4 million USD).
FREMONT, CA: Bandwidth, a leading enterprise cloud communications company, declared the successful acquisition of Voxbone, an international enterprise cloud communications leader, for an enterprise value of €446 million EUR (nearly $519.4 million USD). The consideration to Voxbone shareholders amounted to cash in the amount of nearly €354.6 million EUR (nearly $413 million USD), with the remainder being paid in 663,394 shares of Bandwidth Class A common stock (nearly €91.3 million EUR or nearly $106.4 million USD).
The deal was originally declared on October 12, 2020 and boosts Bandwidth's international strategy by many years, giving the company a footprint in 60+ countries, representing 93 percent of the world's GDP.
Voxbone is now expected to operate under the Bandwidth brand.
"We are thrilled to welcome Voxbone who are officially joining us on our mission to develop and deliver the power to communicate, now around the globe," stated David Morken, Chief Executive Officer of Bandwidth. "We will harness a shared set of values and incredible chemistry between the teams to serve customers worldwide. Our customers are eager to benefit from our cloud communications platforms powered by a modern network, giving them the quality, control and scale they need to succeed."
"As a customer of both Bandwidth and Voxbone, we are excited for two of the leading CPaaS companies to come together, strengthening their ability to serve global customers like Zoom," stated Graeme Geddes, Head of Zoom Phone & Rooms. "They've played an important role in the success of our offering to date and the combined company should be instrumental as we continue to scale and expand our business to meet the needs of our customers and the global community with Zoom Phone as an essential part of our unified communications platform. Having the support and expertise of a global CPaaS platform and partner makes meeting our goals easier."
