Reuters: RingCentral close to filing for IPO

|By:, SA News Editor

RingCentral, a provider of hosted VoIP/Web conferencing services for businesses, has hired i-banks and is close to filing for an IPO, Reuters reports.

The company has 300K+ customers and a partnership with AT&T. Cisco took part in a $45M funding round (along with four VC firms) in 2011. It recently hired former Marvell CFO Clyde Hosein to be its CFO.

Two rivals, 8x8 (EGHT +1.9%), and Cbeyond (CBEY +3.4%), closed higher today.