Verizon in talks to buy Zoom rival BlueJeans amid work-from-home surge
Category: #technology  By Hrishikesh Kadam  Date: 2020-04-18
  • share
  • Twitter
  • Facebook
  • LinkedIn

Verizon in talks to buy Zoom rival BlueJeans amid work-from-home surge

In recent months, collaboration and communications have become a top priority for businesses of all sizes and across all sectors. From small and medium-size enterprises to some of the worlds most renowned multinational brands, B2B videoconferencing platform BlueJeans Network currently serves a vast range of business segments. So far, BlueJeans has played a crucial role in continuing these companies’ operations amid the ongoing work-from-home surge. 

As per recent reports, US telco Verizon has agreed to buy BlueJeans for an undisclosed sum. Verizon is apparently looking to expand its immersive unified communications portfolio.

The deal is expected to close in the second quarter and is subject to customary closing conditions.

For the uninitiated, BlueJeans is a market-leading videoconferencing and cloud communications platform that offers collaboration tools for meetings and large, interactive events.

The acquisition will combine BlueJeans’ smart, simple, and trusted videoconferencing tools with the telecom giant’s unified communications-as-a-service immediately.

BlueJeans founders and core management teams will reportedly join the Verizon team to lead continuous growth and innovation of the business. After the close of the deal BlueJeans employees will immediately become Verizon employees.

The combination of Verizon’s high-performance global networks and BlueJeans’ enterprise-grade collaboration tools will offer a high-quality videoconferencing experience to customers.

It looks like Verizon is also planning to integrate the BlueJeans platform into its 5G product roadmap, offering reliable and secure real-time collaborations tools for high-growth applications such as distance learning, telemedicine, and field service work.

As the way businesses handle operations continues to change, it is extremely important for these companies and public sector customers to have access to an enterprise-ready, secure, frictionless, and comprehensive suite of collaboration tools, stated Tami Erwin, executive VP and CEO, Verizon Business.

Also read: AT&T, Sprint, Verizon, and T-Mobile under scrutiny over privacy breach

He added that the group looks forward to combining BlueJeans’ collaboration and communications capabilities with Verizon’s platforms, solutions and connectivity networks to serve its customers.

The combination of Verizon’s next-gen edge computing expertise with BlueJeans’ industry-leading video platform, according to BlueJeans Network CEO Quentin Gallivan, will enable the companies to deliver highly-differentiated and compelling solutions to their customers.

The BlueJeans team is excited to working with Verizon and leading innovation in business communications.

 

Source: https://www.verizon.com/about/news/verizon-business-enters-agreement-acquire-bluejeans

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Hrishikesh Kadam    

Hrishikesh Kadam

A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowl...

Read More

More News By Hrishikesh Kadam

Xact Data Discovery buys out London-based Anexsys Group Limited
Xact Data Discovery buys out London-based Anexsys Group Limited
By Hrishikesh Kadam

Leading international eDiscovery provider, Xact Data Discovery, has reportedly announced that it has acquired the London-based eDiscovery services company, Anexsys Group Limited. According to David Moran, the President and COO of XDD, the acquisitio...

Globant buys gA to reinforce expertise in digital transformation
Globant buys gA to reinforce expertise in digital transformation
By Hrishikesh Kadam

The digitally native technology services provider, Globant has recently confirmed that it has acquired gA to strengthen its position in the delivery of digital and cognitive transformation. One of the leading companies in digital and cloud transforma...

Nokia provides 5G cloud-native core network services to Ooredoo Qatar
Nokia provides 5G cloud-native core network services to Ooredoo Qatar
By Hrishikesh Kadam

Finnish telecom and consumer electronics major, Nokia, has reportedly announced Ooredoo Qatar’s roll out of commercial 5G services via the deployment of Nokia’s cloud-native core network. The launch of this network has effectively enabled...