The pandemic may have made Zoom Video Communications into a household name, but the company clearly prefers life at the office—virtual or otherwise.

That was borne out by the 10-year-old company’s first major acquisition, announced late Sunday. Five9 , which provides cloud-based software used to run customer contact centers, will become part of Zoom through an all-stock transaction valued at $14.7 billion. Zoom has done only two other acquisitions to date, with the largest of those valued around $43 million, according to FactSet.

Given the colossal impact the pandemic has made on both Zoom’s business and stock price, such a move was only a matter of time. Since the beginning of the outbreak in early 2020, the company’s trailing 12-month revenue has surged more than fivefold while its market value has gone from the $20 billion range to more than $100 billion. But Zoom’s stock price also has…

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