The IBM Cloud for financial services is designed to help institutions safely migrate their operations to the cloud and leverage cloud-native technologies from IBM's Independent Software Vendor (ISV) and Software-as-a-Service (SaaS) vendor partners.
"We are excited to expand our relationship with Ribbon Communications by helping to onboard its Kandy Business Solutions to the IBM Cloud for Financial Services," said Evaristus Mainsah, general manager of Cloud, Cloud Pak and Edge Ecosystem at IBM.
"Ribbon's offering can help financial institutions transform their business communications with a safe platform. Ribbon's participation in our ecosystem helps to provide financial services customers with innovative tools and solutions that enable them to move their operations to the cloud."
The addition of Ribbon's Kandy Business Solutions will give financial institutions a full suite of cloud-based Unified Communications services and clients like chat, video, voice and text.
"Becoming a UCaaS vendor for the IBM Cloud for Financial Services is just the latest extension of our relationship, which has delivered advanced cloud communications services to world-class organizations," said Sacha Gera, senior vice president of Ribbon's Kandy.
"Our secure, carrier-grade call control and security solutions are already deployed in the networks of some of the largest financial services institutions in the world. Now we can deliver our industry-leading UCaaS capabilities to even more financial institutions via IBM's industry-first cloud for financial services platform, which significantly simplifies deployment without sacrificing the reliability or security these organizations require."
The news follows the announcement that Ribbon has entered into an agreement to sell the Kandy Communications business, including Kandy Business Solutions, to American Virtual Cloud Technologies.
Due to close in the second half of 2020, the deal is subject approval from AVCtechnologies' stockholders, AVCtechnologies' completion of an equity offering, consent of the lenders under Ribbon's credit facility as well as other standard closing conditions.
