The small-to-medium sized business Voice over Internet Protocol (VoIP) phone service provider Vocalocity, based in Atlanta, has just been acquired by Vonage. The deal was signed on October 10th, 2013, and both parties agreed to the sale for $105 million in cash and $25 million in Vonage Stock. This $130 million sale marks the industry wide move towards the up and coming SMB VoIP market.
What Sets Vocalocity Apart?
Vocalocity’s specialty is SMB VoIP for businesses with 50 employees or less. They balance low prices with rich features and the scalable architecture that growing small businesses require. Their hosted PBX technology allows businesses to cut phone costs by 50 to 85 percent.
Businesses save with Vocalocity because they do not need to buy any on-site equipment. Instead, the PBX is hosted and managed by Vocalocity, and accessed by businesses via the Internet. Above all of the savings, Vocalocity also offers great VoIP features. These features include a unified inbox for fax, email, voicemail, call flip, voicemail transcription, and a useful dashboard interface.
All of these features and services are managed over the cloud, which provides customers with unparalleled accessibility of their system.
Small Business is Big Money
Our experts at VoipReview.org estimate that the market for small to medium sized businesses in North America is valued at around $15 Billion dollars. Using Vocalocity’s advanced knowledge of the SMB market, Vonage hopes to seize its market share. Vonage is a very large residential VoIP service provider, but they have been unsuccessful in breaking into SMB. Wiith Vocalocity, things are sure to change.
Vocalocity is a leading provider of hosted PBX services, which competes with many current SMB providers who offer on premise PBX systems. Vocalocity provides a much cheaper alternative with the same wide array of features as its competitors. Vocalocity offers its VoIP services along with analytics services and data mining and call monitoring software.
The Vocalocity CEO, Wain Kellum, will be joining Vonage as the president of business services. Vocalocity has been growing extremely quickly in the past few years, and now that it has been purchased, the VoipReview.org experts expect it to grow even further. Many other large telecommunications businesses have been investing heavily in order to compete in the SMB market, but as of October 10th, the SMB VoIP just became the hottest new market up for grabs.