World Economic Forum selects RingCentral, a cloud computing based business phone system provider as 2010 Technology Pioneer

RingCentral, a cloud computing based business phone system provider, announced today that it has been selected as a 2010 Technology Pioneer by the World Economic Forum. Candidates for this prestigious award are nominated by the world’s leading technology experts and are judged by a distinguished panel appointed by the World Economic Forum. Vlad Shmunis, Founder and CEO of RingCentral, has been invited to receive the award at the upcoming World Economic Forum Annual Meeting in January 2010 in Davos, Switzerland.

“As President of Alcatel-Lucent’s Bell Labs and as a former entrepreneur and venture investor, I recognize the social and economic benefits that can arise from information and communication technology innovations
. I was extremely pleased to represent Alcatel-Lucent and contribute my insights to the team of Technology Pioneer Partners serving on the Selection Advisory Committee,” said Kim Jeong, President, Bell Labs, Executive Vice-President, Alcatel-Lucent, Alcatel-Lucent Bell Laboratories, USA and Technology Pioneer Partner.

Previous Technology Pioneers include AdMob, ClearWire, Google, LoudCloud, Mint.com, Monster.com, Sycamore Networks, TellMe Networks, and UTStarcom. To be selected as a Technology Pioneer, a company must be involved in the development of a life-changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership and show all the signs of a long-standing and sustainable market leader — and its technology must be proven. Twenty-six companies were selected from a pool of 300 prospects this year for their accomplishments as the most innovative start-ups and for their critical impact on the future of business and society.

“It is an incredible honor to be named a Technology Pioneer by the World Economic Forum,” said Vlad Shmunis, CEO of RingCentral. “Receiving this recognition is a true testament to our capabilities and underscores the importance of our work in delivering innovative cloud based business phone systems to businesses. Mobile phones have had a dramatic impact on the global economy and RingCentral is delivering world-class solutions that can be instantly deployed on a global basis for the mobile business world. With this tremendous recognition, we continue to build strong momentum heading into 2010.”

As the traditional office transforms into a mobile and distributed work environment, business communication solutions need to evolve. With staff working from various remote locations, many businesses are unable to integrate distributed and mobile employees into a single business phone system. Legacy on-premise business phone systems are not only extremely expensive, but were designed for centralized office environments and before the era of Internet and mobile phones. RingCentral delivers cloud based business phone systems that are designed for the modern mobile and distributed business world, at a fraction of the cost of traditional phone systems.

About RingCentral

RingCentral provides cloud computing based business phone systems. With top industry honors, including PC Magazine’s Editor’s Choice Award and Small Business Computing’s Excellence in Technology, RingCentral delivers on-demand phone systems that are designed for the modern mobile and distributed business world, at a fraction of the cost of traditional systems. Headquartered in San Mateo, California, RingCentral is privately held with backing from Sequoia Capital, Khosla Ventures and DAG Ventures. For more information, please visit: www.ringcentral.com

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