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Verizon Business Finalizes the Agreement to acquire BlueJeans, a video conferencing and event platform
Fremont, CA: The telecom giant Verizon Business acquires BlueJeans Network, a trusted enterprise-grade video conferencing and event platform. The definitive acquisition agreement will extend Verizon’s capabilities in an immersive unified communications portfolio. The cloud-based video service, BlueJeans, caters to a wide variety of business sectors from small startups to the world’s largest multinational companies and has also participated significantly in continuing these companies’ operations during the on-going work-from-home surge.
The transaction will blend BlueJeans’ simplified, smart, and trusted meeting platform with Verizon’s unified communications as a service business. Customers will benefit from a BlueJeans enterprise-grade video experience on Verizon’s high-performance global networks. Additionally, the platform will be incorporated into Verizon’s 5G product roadmap, providing secure and real-time engagement solutions for high growth areas, including telemedicine, distance learning, and field service work.
“As the way we work continues to change, it is absolutely critical for businesses and public sector customers to have access to a comprehensive suite of offerings that are enterprise-ready, secure, frictionless, and that integrate with existing tools,” said Tami Erwin, CEO of Verizon Business. “Collaboration and communications have become top of the agenda for businesses of all sizes and in all sectors in recent months. We are excited to combine the power of BlueJeans’ video platform with Verizon Business’ connectivity networks, platforms, and solutions to meet our customers’ needs.”
“The combination of BlueJeans’ world-class enterprise video collaboration platform and trusted brand with Verizon Business’ next-generation edge computing innovation will deliver highly differentiated and compelling solutions to our joint customers,” said Quentin Gallivan, CEO of BlueJeans Network. “We are very excited about joining the Verizon team, and we truly believe the future of business communications starts today!”
BlueJeans is found regularly cited as the market-leading video conference and collaboration tool that includes cloud-based meetings and large, interactive events that are scalable, simple, and secure. The founders and critical management team from BlueJeans will join Verizon to lead continued growth and innovation of the business. Immediately after the closure of the deal, all BlueJean employees will become Verizon employees.
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