Ericsson completes acquisition of vonage

As of july 21, 2022, vonage becomes wholly owned subsidiary of ericsson            with vonage on board, ericsson will create a market for easy to adopt global network application program interfaces ("apis"); this will drive the next wave of digitalization            ericsson will generate near-term synergies from bringing vonage unified communications as a service (ucaas) and contact center as a service (ccaas) solutions to its existing customers           rory read, vonage ceo, appointed member of ericsson's executive team stockholm , july 21, 2022 /prnewswire/ -- ericsson (nasdaq: eric) has completed its acquisition of vonage holdings corp. (vonage) (nasdaq: vg), supporting ericsson's strategy to leverage technology leadership to grow its mobile network business and expand into enterprise. the acquisition provides ericsson with access to powerful building blocks to offer a full suite of communications solutions including, communications platform as a service (cpaas), ucaas and ccaas.
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