The video conferencing application Zoom Video Communications has reached an agreement to acquire Five9, a cloud contact center company, for a total of 14.7 billion dollars (12.45 billion euros) in shares, as reported by the company.
Specifically, Zoom will pay 0.5533 of its own securities for each Five9 share, valuing each of the shares of this company at $ 200.28, which raises the amount of the transaction to about $ 14.7 billion.
The Zoom and Five9 boards of directors have approved the transaction and Five9’s management recommends that the company’s shareholders approve the transaction and support the merger deal, which could close in the first half of 2022.
Zoom is confident that the acquisition of Five9 will help enhance its presence in the enterprise customer segment, as well as fuel its long-term growth by adding the approximately $ 24 billion (€ 20.327 million) market based contact center business. on the cloud.
“We continually look for ways to improve our platform and the addition of Five9 is a natural fit that will deliver even more value to our customers,” said Eric S. Yuan, CEO and founder of Zoom.