On August 11, 2020, RingCentral, Inc., a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, and Alcatel-Lucent Enterprise, a leading provider of communications, networking, and cloud solutions, announced that they have entered into a strategic partnership to introduce a new co-branded cloud solution–Rainbow Office powered by RingCentral–making it unique and exclusive for Alcatel-Lucent Enterprise. As part of the strategic partnership, RingCentral paid Alcatel-Lucent $100 million in consideration of certain minimum commitments and as pre-payment for future commissions. Wilson Sonsini Goodrich & Rosati represented RingCentral in the transaction.
RingCentral and Alcatel-Lucent Enterprise will jointly develop programs enabling both companies to lead the cloud communications services for the enterprise market. Rainbow Office powered by RingCentral will be available in the first quarter of 2021.
The Wilson Sonsini team representing RingCentral in the transaction includes:
M&A
Rich Mullen
Erin Malone-Shkurkin
Technology Transactions
Chris Paniewski
Sean Withall
Scott McKinney
For more information, please see the joint press release of RingCentral and Alcatel-Lucent Enterprise.