RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the acquisition of the technology and engineering team at Kindite, a developer of leading cryptographic technologies that mitigate and reduce security and privacy risks to information and applications in the cloud.
The new technology will be incorporated into RingCentral’s global communications platform, providing customers with enhanced security capabilities including end-to-end encryption.
“Security and reliability are paramount in enabling employees to work from anywhere,” said Heather Hinton, chief information security officer at RingCentral. “With this team’s leading-edge security technology, we will accelerate our ability to deliver end-to-end encryption and continue to enhance our commitment to deliver the highest level of security capabilities for our global communications platform, benefiting customers everywhere.”
The Kindite engineering team has developed a data-protection platform that incorporates a unique set of cryptographic key orchestration technologies which delivers enhanced security, privacy and compliance. These technologies allow cloud applications to process encrypted data without decryption, creating a secure “zero-trust” cloud environment.
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“We established Kindite to bring the very latest technological capabilities to address security and privacy in the cloud,” said Maor Cohen, co-founder and CEO of Kindite. “It’s fantastic we can bring these security capabilities to customers around the world while enhancing the RingCentral platform with the next generation of security technologies.”
RingCentral will use Kindite as a cornerstone for building its world-class security capability. The terms of the transaction were not disclosed. The transaction closed in Q1 2021 and is not estimated to have a material financial impact for the quarter ending March 31, 2021.
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