Verizon is buying b2b videoconferencing firm BlueJeans

Verizon is buying b2b videoconferencing firm BlueJeans

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/04/16/verizon-is-buying-b2b-videoconferencing-firm-bluejeans/

US carrier Verizon* has splashed out to buy veteran b2b videoconferencing platform, BlueJeans Network — shelling out less than $500 million on the acquisition, according to the Wall Street Journal which first reported the news.

A Verizon spokeswoman confirmed to TechCrunch that the price-tag is sub-$500M but did not provide a more exact figure. Videoconferencing platform BlueJeans has raised ~$175M since being founded around a decade ago, per Crunchbase, with US investor NEA leading a Series E round back in 2015.