When Verizon (which owns this publication) revealed it was buying video conferencing company BlueJeans for around$500 million last month, you most likely believed it was going take awhile to bake, but the companies announced today that they has actually closed the deal. While it’s clear that video conferencing is a hot item
throughout the pandemic, all sides kept that this offer was about much more than the short-term requirements of COVID-19. Verizon saw an enterprise-grade video conferencing platform that would fit nicely into its 5G method around things like tele-medicine and online learning. They believe these requirements will far last longer than the existing circumstance, and BlueJeans puts them in great shape to perform a longer-term video strategy, especially on the blossoming 5G platform. As BlueJean’s CEO Quentin Gallivan and co-founders, Krish Ramakrishnan and Alagu Periyannan restated in a blog post today revealing the deal has actually been completed, they saw a lot of capacity for growth inside the Verizon Service household that would have been difficult to accomplish as a stand-alone business. “Today, organizations are depending on connection and digital interactions now more than ever.
As Verizon revealed, adding BlueJeans’ relied on, enterprise-grade video conferencing and occasion platform to the company’s Advanced Communications portfolio is crucial to keep businesses, from little companies to some of the world’s largest multinational brands, running at the highest level, “the trio composed. As Alan Pelz-Sharpe, creator and primary analyst at Deep Analysis informed TechCrunch at the time of the acquisition
announcement, Verizon got a good deal here. Verizon is getting among the only real enterprise-grade online conferencing systems in the market at a quite
low price,” he told TechCrunch.” On one level, all these systems do practically the exact same thing, however BlueJeans has actually always prided itself on exceptional noise and audio quality. It is also a system that scales well and can manage great deals of participants too, if not better, than its closest rivals. BlueJean brings with it 15,000 business customers. It raised$175 million because its founding in 2009. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.