Zoom buys San Ramon-based Five9 in $14.7 billion deal to prepare for a post-pandemic world

Zoom buys San Ramon-based Five9 in $14.7 billion deal to prepare for a post-pandemic world

3 years ago
Anonymous $drS9DEX_Sj

https://www.siliconvalley.com/2021/07/19/zoom-buys-san-ramon-based-five9-in-14-7-billion-deal-to-prepare-for-a-post-pandemic-world/

Zoom, the video-conferencing platform that became hugely popular during the Covid-19 pandemic, is spending a whopping $14.7 billion on cloud-based software company Five9 to boost its appeal with business clients.

Zoom announced the acquisition Sunday night. In a statement, it said the move will “help enhance Zoom’s presence with enterprise customers and allow it to accelerate its long-term growth opportunity.”