New Delhi: Zoom Video Communications Inc.
has agreed to buy Cloud Five9 Inc.
software providers in all-stock deals worth around $ 14.7 billion to target more business clients who want to increase customer involvement, he said on Sundays.
Teleconference service providers have become the name of the household and favorite investors in the year since the Pandemic Coronavirus, because businesses and schools adopt their services to hold virtual classes, offices meet and socialize.
Now move the focus on the cellphone zoom of the two-year-old cloud-old call products and the zoom hosting room hosting as a bigger player Facebook and Google Alphabet increases their video products.
“This acquisition is expected to help improve the existence of zoom with corporate customers and allow it to accelerate long-term growth opportunities by adding a $ 24-billion contact center market,” Zoom said in a statement.
This acquisition will complement the zoom telephone service, alternative to legacy telephone offers, by adding business customers five9 and combining central software to optimize customer interaction throughout the channel, he added.
Five9 will be a zoom operation unit and chief executive, Rowan Trollope, will become the president of the company, remain on the head of the unit after the agreement, which is expected to be closed in the first half of 2022, he said.
Under the pact, approved by the Council of the Second Company, five9 shareholders will receive 0.5533 general zoom sector shares for each part of five9, he added.
Based on the price of the distribution of July 16, the zoom grade of ordinary shares, this represents a price of $ 200.28 for each part of five9 ordinary shares, and the value of the agreement implied around $ 14.7 billion.