Zoom to buy cloud-based call center operator Five9 in $15 billion deal
(Reuters) -Zoom Video Communications Inc launched a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Inc in its largest-ever acquisition, as rivals intensifies in its core videoconferencing sector.
The teleconferencing corporations provider has change right into a household determine and investor favorite in the yr given that coronavirus pandemic, as corporations and schools adopted its corporations to preserve digital programs, office meets and socialise.
The San Jose, California-based agency is now shifting focus to its two-year-old cloud-calling product Zoom Phone and conference-hosting product Zoom Rooms as bigger avid gamers Facebook and Alphabet’s Google amp up their video merchandise.
“The acquisition is predicted to help enhance Zoom’s presence with enterprise prospects and allow it to velocity up its long-term progress various by together with the $24-billion contact center market,” Zoom said in a press launch on Sunday.
The …