Q&A

What company is Zoom buying?

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What company is Zoom buying?

Five9
3, 2019. Zoom’s agreement to buy cloud contact center software company Five9 was scuttled on Thursday, after Five9 shareholders rejected the deal.

Is Five9 a public company?

Five9 is listed on the NASDAQ Stock Market under the ticker symbol FIVN. Who were the underwriters of Five9’s IPO? The offering was underwritten by J.P. Morgan, Barclays, BofA Merrill Lynch, Pacific Crest, Canaccord Genuity, and Needham & Company.

Who funded Zoom?

In April 2020, daily users increased to more than 200 million. On February 4, 2015, the company received US$30 million in Series C funding from investors including Emergence Capital, Horizons Ventures (Li Ka-shing), Qualcomm Ventures, Jerry Yang, and Patrick Soon-Shiong.

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What does Five9 company do?

Five9 is the leading provider of cloud contact center software. We are driven by a passion to transform contact centers into customer engagement centers of excellence, coupled with a deep understanding of the cost and complexity involved in running a contact center.

What kind of company is Five9?

cloud contact center software
Five9 is the leading provider of cloud contact center software. We are driven by a passion to transform contact centers into customer engagement centers of excellence, coupled with a deep understanding of the cost and complexity involved in running a contact center.

What is Five9 phone system?

Five9 is a multi-tenant cloud contact center service or contact center as a service (CCaaS). Five9 can help you manage all your omnichannel customer interactions including voice, SMS, chat, email, social, video, and more.

Is Zoom owned by the Chinese?

Zoom is a U.S.-founded company and its founder Eric Yuan is a Chinese immigrant who is now an American citizen. However, the company’s development team is “largely” based in China, according to Zoom’s regulatory filing from earlier this year.

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Why did Zoom Video Communications buy Five9 Inc?

REUTERS/Dado Ruvic/Illustration July 19 (Reuters) – Zoom Video Communications Inc (ZM.O) struck a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Inc (FIVN.O) in its largest-ever acquisition, as it looks to expand beyond its core video-conferencing services.

What does the five9-zoom deal mean for Five9 stockholders?

Under the terms of the deal, approved by the boards of both companies, Five9 stockholders will receive 0.5533 shares of Zoom stock for each share of Five9. Based on Zoom’s Friday close, this represents a price of $200.28 for each share of Five9 common stock, or nearly a 13\% premium.

What is Zoom doing now?

The San Jose, California-based company is now shifting focus to its two-year-old cloud-calling product Zoom Phone and conference-hosting product Zoom Rooms as bigger players amp up their video products.

Who is Five9 Inc owned by?

July 19 (Reuters) – Zoom Video Communications Inc (ZM.O) struck a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Inc (FIVN.O) in its largest-ever acquisition, as it looks to expand beyond its core video-conferencing services.

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