Hopin's unicorn roller coaster ride comes to end, with Italian company Bending Spoons swooping in to pick up StreamYard and the two remaining product lines.
RingCentral's savvy acquisition of Hopin's main assets could prove a shrewd investment. With a new pricing structure, fresh approach to customer data and some handy AI enhancements, RingCentral Events is now ready for the spotlight.
RingCentral has acquired assets from Hopin, a company once valued at $7.75 billion. On the very same day, EventMobi acquired the virtual event platform Run The World. This news is just the beginning, as more industry acquisitions are in the works.
The economic downturn is decimating the event tech sector hard, particularly virtual event tech platforms. This won't be the last round of layoffs as investors lose confidence in the sector.