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Report: RingCentral hires adviser to evaluate acquisition interest

RingCentral Inc. hired an adviser after the company received acquisition interest, Bloomberg News reported Aug. 9, citing sources with knowledge of the matter.

Technology-focused private equity firms and other cloud-based software providers could be potential buyers for Belmont, Calif.-based RingCentral, the sources said, adding that there is no guarantee that a deal will materialize.