RingCentral wins cloud communications deal from Columbia University

RingCentral, a provider of cloud communications and contact center solutions, has signed an agreement with Columbia University, for a cloud communications platform to support 44,000 faculty and students.
RingCentral at a trade eventColumbia University will replace its legacy on-premises communications systems to provide better mobility and enhanced student to student and student to faculty collaboration. RingCentral did not reveal the name of the existing vendor or the size of the mobility platform.

The University will deploy 14,000 seats of RingCentral Office to faculty, which includes voice, video, team messaging, online meetings, SMS, and fax, and will roll out team messaging to 30,000 students.

RingCentral reported 34 percent increase in revenue to $189 million in Q4 2018. Software subscriptions revenue of RingCentral increased 32 percent year over year to $172 million.

“Our growth was driven by our mid-market and enterprise business, supported by strong contributions from channel and international,” said Vlad Shmunis, founder, chairman and CEO of RingCentral.

RingCentral recently announced the acquisition of Connect First, an outbound / blended customer engagement platform for midsize and enterprise companies.

RingCentral is expecting revenue of $847-$859 million at an annual growth rate of 26-28 percent in 2019.