{"id":18720,"date":"2020-05-19T03:00:27","date_gmt":"2020-05-19T03:00:27","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/verizon-wraps-up-bluejeans-acquisition-lickety-split.html"},"modified":"2020-05-19T03:00:27","modified_gmt":"2020-05-19T03:00:27","slug":"verizon-wraps-up-bluejeans-acquisition-lickety-split","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/verizon-wraps-up-bluejeans-acquisition-lickety-split.html","title":{"rendered":"Verizon wraps up BlueJeans acquisition lickety split"},"content":{"rendered":"

When Verizon<\/a> (which owns this publication) announced it was buying<\/a> video conferencing company BlueJeans<\/a> for around $500 million last month, you probably thought it was going take awhile to bake, but the companies announced today that they has closed the deal.<\/p>\n

While it\u2019s crystal clear that video conferencing is a hot item during the pandemic, all sides maintained that this deal was about much more than the short-term requirements of COVID-19. In fact, Verizon saw an enterprise-grade video conferencing platform that would fit nicely into its 5G strategy around things like tele-medicine and online learning.<\/p>\n

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Verizon is buying B2B videoconferencing firm BlueJeans<\/a><\/p>\n<\/blockquote>\n

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They believe these needs will far outlast the current situation, and BlueJeans puts them in good shape to carry out a longer-term video strategy, especially on the burgeoning 5G platform. As BlueJean\u2019s CEO Quentin Gallivan and co-founders, Krish Ramakrishnan and Alagu Periyannan reiterated in a blog post<\/a> today announcing the deal has been finalized, they saw a lot of potential for growth inside the Verizon Business family that would have been difficult to achieve as a stand-alone company.<\/p>\n

\u201cToday, organizations are relying on connectivity and digital communications now more than ever. As Verizon announced, adding BlueJeans\u2019 trusted, enterprise-grade video conferencing and event platform to the company\u2019s Advanced Communications portfolio is critical to keep businesses, from small organizations to some of the world\u2019s largest multinational brands, operating at the highest level,\u201d the trio wrote.<\/p>\n

As Alan Pelz-Sharpe, founder and principal analyst at Deep Analysis told TechCrunch at the time of the acquisition announcement, Verizon got a good deal here.<\/p>\n

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Verizon is getting one of the only true enterprise-grade online conferencing systems in the market at a pretty low price,\u201d he told TechCrunch. \u201cOn one level, all these systems do pretty much the same thing, but BlueJeans has always prided itself on superior sound and audio quality. It is also a system that scales well and can handle large numbers of participants as well, if not better, than its nearest competitors.<\/p>\n<\/blockquote>\n

BlueJean brings with it 15,000 enterprise customers. It raised $175 million since its founding in 2009.<\/p>\n

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Verizon\u2019s BlueJeans acquisition is about more than the work-from-home trend<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/wcq9qUqI45c\/<\/p>","protected":false},"excerpt":{"rendered":"

When Verizon (which owns this publication) announced it was buying video conferencing company BlueJeans for around $500 million last month, you probably thought it was going take awhile to bake, <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-18720","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t