“Wavecell, a privately held communications platform-as-a-service (CPaaS) provider based in Singapore, has been acquired by New York-listed 8×8 for around US$125 million (S$170 million) in cash and stock, marking the US firm’s entry into the South-east Asian market.”
Read more at: https://www.straitstimes.com/business/companies-markets/us-cloud-provider-8×8-buys-singapore-based-wavecell-for-us125m-in-cash