April 23, 2024



Zoom buys Five9 in $14.7 billion deal to prepare for a post-pandemic world


Updated 6:44 AM ET, Mon July 19, 2021

New York/Hong Kong (CNN Business)  Zoom, the video-conferencing platform that became hugely popular during the Covid-19 pandemic, is spending a whopping $14.7 billion on cloud-based software company Five9 to boost its appeal with business clients.

Zoom (ZM) announced the acquisition Sunday night. In a statement, it said the move will “help enhance Zoom’s presence with enterprise customers and allow it to accelerate its long-term growth opportunity.”

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