
Cloud communications company 8x8 has snapped up Wavecell, a Communications Platform-as-a-Service (CPaaS) player in a deal that will help 8x8 provide more messaging, voice, and video APIs to enterprises and developers.
Wavecell, a privately-held firm based in Singapore, will not only deepen 8x8's technical capabilities, but it will also grow San Jose, Calif.-based 8x8’s international presence. Wavecell has more than 500 enterprise customers across Singapore, Indonesia, Philippines, Thailand, and Hong Kong.
8x8 will acquire Wavecell for approximately $125 million in a cash and stock deal, the companies said on Wednesday.
[Related: 8x8 Touts 'Astronomical' Channel Growth; Partner Deals Increasing 50 Percent Year-Over-Year]
Via the terms of the deal, 8x8 will inherit Wavecell's cloud-based technology platform for building APIs for enterprise applications, including APIs for messaging, omni-channel customer communication, and multi-factor authentication, the two companies said.
“The market opportunity in CPaaS is growing rapidly, and this acquisition enables us to quickly provide these services to our customers around the world,” said Vik Verma, CEO of 8x8 in a statement. “8x8 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’re excited to welcome the Wavecell employees to the 8x8 family."
The deal will expand 8x8's presence and coverage into the Asia Pacific region, an area in which 8x8 has been trying to grow. Together with Wavecell, 8x8 will reach more than 190 carriers globally with its communications platform.
8x8 is in the process of growing its business through the channel. The company grew its partner sales by 50 percent year over year during 2018, channel executives from the company told CRN.
related stories
Video
trending stories
sponsored resources

Cysurance
Cyber Insurance 360

Tenable
Cyber Risk 360

Dell Technologies
Dell Technologies Cloud Learning Center

EPOS
EPOS

Fujifilm
Fujifilm

Application Integration 360

Mimecast
Mimecast

Hitachi Vantara
Hitachi Vantara

Dell Technologies
Dell Technologies Storage Learning Center

Carbonite
Cloud Storage 360

Webroot
Webroot Learning Center

BlackBerry
BlackBerry Learning Center

NPD
Industry Trends 360

Symantec
Symantec Business Security Learning Center

Channel Chief Showcase

Acer
Remote Workforce 360

Sherweb
Sherweb

APC by Schneider Electric
Digital Services for Edge Learning Center

StorageCraft
Disaster Recovery Learning Center

Vertiv
Edge Computing Learning Center

Wasabi
Wasabi

Dell Technologies
Dell Technologies Hybrid Cloud Learning Center

Cradlepoint
5g for Business 360

Comm100
Collaboration & Communications 360

Veeam
Veeam

Smart 3rd Party
3rd Party Maintenance 360

Sophos
Sophos Cybersecurity Learning Center

Trend Micro
Trend Micro Learning Center

VMware

Dell Technologies
Dell Technologies Server Learning Center

HubStor
Cloud Backup 360

eSentire
Managed Detection and Response 360
