Continuing to expand: Zoom recently bought a start-up from Karlsruhe for translation functions. A cloud software provider for customer communication is now being vied for.
The video conferencing service Zoom wants to position itself more broadly with its largest acquisition to date.
Zoom wants to buy the US company Five9, a cloud software provider for customer communication, for 14.7 billion US dollars (around 12.5 billion euros) in a deal financed with its own shares, as the video conference service announced on the night in San Jose . Five9 management is behind the deal.
The company plans to give Five9 shareholders 0.5533 Zoom papers for one share of its own. A share of Five9 is valued at 200.28 US dollars, on Friday the stock closed at 177.60 US dollars. The shareholders have yet to approve the transaction. Zoom hopes for a deal in the first half of 2022. The acquisition is primarily intended to help further expand Zoom Phone, a cloud telephone system for companies.
Zoom itself has been listed on the stock market since April 2019. The valuation at the IPO was just nine billion dollars. But the papers were in demand from the start and the corona pandemic has accelerated its soaring. Zoom now has a market capitalization of just under $ 107 billion.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
