{"id":17142,"date":"2019-07-18T06:25:12","date_gmt":"2019-07-18T06:25:12","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/southeast-asian-cloud-communications-platform-wavecell-acquired-by-8x8-in-deal-worth-125-million.html"},"modified":"2019-07-18T06:25:12","modified_gmt":"2019-07-18T06:25:12","slug":"southeast-asian-cloud-communications-platform-wavecell-acquired-by-8x8-in-deal-worth-125-million","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/southeast-asian-cloud-communications-platform-wavecell-acquired-by-8x8-in-deal-worth-125-million.html","title":{"rendered":"Southeast Asian cloud communications platform Wavecell acquired by 8\u00d78 in deal worth $125 million"},"content":{"rendered":"

Wavecell<\/a>, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8\u00d78<\/a> in a deal worth about $125 million<\/a>. The acquisition will help San Jose, California-based 8\u00d78 expand in Asia, where Wavecell <\/a> already has offices in Singapore, Indonesia, the Philippines, Thailand and Hong Kong.<\/p>\n

Wavecell\u2019s cloud API platform, which includes SMS, chat, video and voice messaging, is used by companies such as Paidy, Lalamove and Tokopedia. It has relationships with 192 network operators and partners like WhatsApp and claims its infrastructure is used to share more than two billion messages each year.<\/p>\n

The terms of the deal includes $69 million in cash and about $56 million in 8\u00d78 common shares. Founded in 2010, Wavecell\u2019s investors included Qualgro VC, Wavemaker Partners and MDI Ventures.<\/p>\n

In a prepared statement, 8\u00d78 CEO Vik Verma said \u201c8\u00d78 is now the only cloud provider that owns the full, global-scale, cloud-native, technology stack offering voice, video, messaging, and contact center delivered both as pre-packaged applications and as enterprise-class APIs. We\u2019re excited to welcome the Wavecell employees to the 8\u00d78 family. We now have a significant market presence in\u00a0Asia and expect to continue to expand in the region and globally in order to meet evolving customer requirements.\u201d<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/1pfPDfQmFUc\/<\/p>","protected":false},"excerpt":{"rendered":"

Wavecell, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8\u00d78 in a deal worth about $125 million. The acquisition will help San <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-17142","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t