Story by Natalie Gagliordi, ZDNet
Internet communications company Vonage Holdings has agreed to buy Nexmo, a communications platform-as-a-service (CPaaS) company, for $230 million.
Based in San Francisco, Nexmo is touted as the second largest CPaaS company in terms of revenue. It’s known for its range APIs for messaging, voice and chat that help users create communications services without a lot of development.
This is an area largely dominated by Twilio, but Nexmo claims to have more than 350 enterprise customers, including Uber, Alibaba, Snapchat and Daimler.
