RTTNews | Oct 12, 2020 06:13AM EDT

06:12 Monday, October 12, 2020 (RTTNews.com) - Bandwidth (BAND) has agreed to acquire Voxbone, an international enterprise cloud communications provider, for an enterprise value of 446 million euros. Voxbone has been majority-owned by Vitruvian Partners. The consideration to Voxbone shareholders will consist of cash of approximately 338 million euros, with the remainder being paid in Bandwidth class A common stock of approximately 108 million euros.

Bandwidth anticipates that the company will report third quarter revenue and non-GAAP EPS that are above the guidance ranges provided on July 30.

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