RingCentral
RingCentral
Revenue: Not available
Headquarters: San Mateo, Calif.
Industry: Telecommunications
Founded: 2003
Employees: 300

When Vlad Shmunis launched Internet telephony startup RingCentral back in 2003, the word "cloud" was more commonly associated with rain than with computing. Taking a page from NetSuite in the accounting software space and Salesforce.com in CRM, Shmunis bet that he could beat traditional telecom providers by streaming phone service over the Internet."I felt the right solution was to take telephony into the cloud," Shmunis recalls. "Forget the box, forget the software license, just deliver it as a service."Today RingCentral competes in a fairly crowded market for cloud-based telephony, including smaller players like 8X8 as well as Goliaths like Verizon, Alcatel and Lucent. But Shmunis has carved out a distinct niche in the telecom market, offering streamlined service packages aimed mostly at business customers with fewer than 200 employees.Today the company boasts about 200,000 business customers and has signed up AT&T to resell its services. "RingCentral knows who its market is and has done a good job of keeping it simple," says Diane Myers, a telecom analyst at market research firm Infonetics.

--R.M.M.


Last updated August 03 2011: 6:22 PM ET
Join the Conversation
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.