Vonage acquires cloud-based contact center startup NewVoiceMedia for $350M in cash
More consolidation is afoot in the world of cloud-based voice services. Today, Vonage -- once a VoIP pioneer that today offers cloud-based unified communications and other IP services in the business market -- announced that it would acquire NewVoiceMedia, a UK startup that builds cloud-based contact center solutions, for $350 million in cash. Vonage says the price represents 3.8 times NewVoiceMedia's projected 2019 revenue.