Additionally, Verizon’s 5G roadmap will be leveraged across the BlueJeans platform, allowing for secure, real-time interactions within telemedicine, distance learning, field service and other high-growth areas.
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Subject to customary closing conditions, the acquisition is expected to be completed in Q2 2020.
“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.”
As part of the deal, BlueJeans’ founders and key management personnel will work alongside Verizon to oversee growth and innovation, while BlueJeans employees will become Verizon employees.
Today, @verizonbusiness announced it has entered into an agreement to acquire @BlueJeansNet, a trusted enterprise-grade video conferencing and event platform, to help supercharge #Verizon’s #ucaas portfolio and strategy: https://t.co/3xuImuvgc6 #videoconferencing #5G pic.twitter.com/xjuGO5gDX1
— BlueJeans Network (@BlueJeansNet) April 16, 2020
Quentin Gallivan, CEO of BlueJeans Network, commented: “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.
“We are very excited about joining the Verizon team, and we truly believe the future of business communications starts today!”