RingCentral (NYSE: RNG) has been on a bull run for the better part of the year, and the stock continues to make new highs. The company’s recent growth is anchored by a growing number of partnerships from all across the world.
On the 26th of November, the company named Westcon, a global technology distributor, as a platinum partner. This deal makes Westcon one of the company’s most strategic partners and will help grow market presence in the U.K. Commenting on the deal, Westcon’s uCaaS Commercial Sales Director EMEA stated that the partnership will help RingCentral strengthen Ring’s position and help enhance the adoption of its products.
This is not the first partnership that RingCentral has inked this year. On the 14th of November, the company entered into a partnership with Matrix Networks. Matrix is a market leader in the selection and deployment of networking technologies. Under the terms of their deal, Matrix Network will deploy RingCentral technology solutions to business customers. Commenting on the deal, RingCentral’s Vice President of Global Channel Programs Lisa Del stated that, they were happy to welcome Matrix Networks into their Preferred Partner Program. She added that, the company will benefit from the exclusive training capabilities and other advantages in making the RingCentral experience much better.
This month, the company has also inked a deal with Telarus LLC. The company has announced that it had made Telarus a preferred partner. In acknowledging the deal, Telarus CEO, Adam Edwards stated that, the company was honored to achieve this partnership. RingCentral commented on this deal stating that it will help customers take advantage of the flexibility and cost-savings that come with this deal.
From the charts, the partnerships the company has inked recently have played into the price action. RingCentral has been gaining and has recovered most of the losses from a dip earlier in the month. Volumes remain high too, and at yesterday’s close stood at 1.35 million shares.
About RingCentral Inc
RingCentral Inc is an enterprise software company that software-as-a-service solutions. The company has its headquarters in Belmont, California.