American Virtual Cloud Technologies, an IT service management company, agreed to acquire Kandy Communications, a cloud communications platform, from Ribbon Communications, a publicly-traded company that makes IP-based real time communications security and software solutions, for $50m. "This acquisition significantly accelerates our growth strategy and vision to become a leading provider in the large and fast-growing cloud communications industry while increasing our penetration into global medium-sized and large enterprise clients," Graham McGonigal, AVCtechnologies COO.