As Voice over Internet Protocol (VoIP) continues to develop and assert itself as a viable alternative communication technology, innovation is bringing new possibilities to the sector. Mergers & acquisitions are seen as one of the primary growth strategies followed by leading industry participants in an attempt to enter emerging markets, enhance global presence and penetrate deeper into the already established markets. Active tech companies in the VoIP market include: HD View 360 Inc. (OTC: HDVW), Level 3 Communications Inc. (NYSE: LVLT), Globalstar Inc. (NYSE: GSAT), Vonage Holdings Corp. (NYSE: VG) and RingCentral Inc. (NYSE: RNG).