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TELECOMWORLDWIRE-May 6, 2016-Vonage Holdings to acquire Nexmo for USD230m
(C)1994-2016 M2 COMMUNICATIONS http://www.m2.com
Vonage Holdings Corp. (NYSE: VG) has entered into a definitive agreement to acquire privately-held Nexmo, Inc. for USD230 million in cash and stock, the company said.
Nexmo is the world's second largest CPaaS company as measured by revenues. This acquisition accelerates Vonage's growth strategy, deepens the Company's technology capability...