Zoom Video Communications, a video conferencing startup whose services became widespread worldwide during the coronavirus pandemic, has agreed to acquire cloud software provider Five9 for about $ 14.7 billion in its first major acquisition. ..
All-stock trading is set to value Five9 shares at $ 200.28 and its shareholders will receive 0.5533 shares of Zoom Class A common stock. Five9’s share price closed at $ 177.60 on Friday.
Zoom’s contract with Five9, which provides call centers via cloud computing, will help expand the company’s ZoomPhone service. This is because a company based in San Jose, California is preparing for a post-pandemic slowdown. Explosive growth In 2020.
In the 12 months to January 31, Zoom’s annual sales have quadrupled to $ 2.65 billion, with stocks up more than 400% since early 2020, but below October’s highs. ..
Eric Yuan, Zoom CEO, Huge audience Last year, millions of people were forced to log in to a virtual conference during the blockade, so they signed up for the service.He is this year, the company Move to enlarge The scope of that communication service.
“We are constantly looking for ways to enhance our platform. The addition of Five9 is a natural fit that provides more happiness and value to our customers,” the original statement said in a statement on Sunday.
Zoom is primarily known for its video conferencing services, Promoting A variety of office collaboration products, including the cloud phone system ZoomPhone and its conferencing software ZoomRooms.
Five9 software is used by many companies that Zoom wants MovingIncludes, Microsoft Teams and Salesforce. In 2017, the company’s current chair, Mike Burkeland, told Barron’s that he hopes Five 9 will be acquired by one of its larger partners.
Zoom buys cloud call centre company Five9 for almost $15bn Source link Zoom buys cloud call centre company Five9 for almost $15bn