Verizon has agreed to buy enterprise video conferencing startup BlueJeans, the company Thursday.
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The acquisition price is reportedly under $500 million, according to .
The deal comes after many more workers have started telecommuting because of the stay-at-home order in response to the COVID-19 pandemic. Zoom Communications has become the video conferencing app of choice for those doing remote work, so now Verizon is in a position to compete for the large number of workers and students who need video conferencing tools. BlueJeans will be integrated into Verizon���s 5G product roadmap, according to the carrier.
���As the way we work continues to change, it is absolutely critical for businesses and public sector customers to have access to a comprehensive suite of offerings that are enterprise ready, secure, frictionless and that integrate with existing tools,��� Verizon Business CEO Tami Erwin said in a statement. ���Collaboration and communications have become top of the agenda for businesses of all sizes and in all sectors in recent months. We are excited to combine the power of BlueJeans��� video platform with Verizon Business��� connectivity networks, platforms and solutions to meet our customers��� needs.���
BlueJeans, which is based in Mountain View, California, has around $175 million in funding and recently became profitable, according to WSJ. The company���s backers include and , according to 做厙勛圖 data.
BlueJeans��� employees will become Verizon employees when the deal closes.
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