Summary
- Vonage has announced the acquisition of TokBox for $35 million cash.
- TokBox has developed easy-to-implement video integration technologies for websites.
- The deal promises to be an opportunistic win for Vonage if it can cross-sell the new tech and add value for investors over the medium term.
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Quick Take
Vonage (VG) has announced it has acquired TokBox from Telefonica for $35 million.
TokBox has developed the OpenTok platform which allows companies to add live video, interactive broadcast, and video chats directly to their websites and mobile apps.
VG management is showing their ability to opportunistically acquire video communications technologies; the deal is promising in the medium-term as Vonage integrates and sells the new capabilities to its customer and prospect bases.
