Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li><keyword id="11669983" type="UNKNOWN" weightage="60" keywordseo="Five9">Five9</keyword> soared as much as 15% early Monday following a deal to be acquired by <keyword id="10296" type="ENTERTAINMENT" weightage="60" keywordseo="Zoom">Zoom</keyword> Video Communications. </li><li>Zoom shares were lower after announcing the $14.7 billion all-stock transaction. </li><li>Zoom's deal will serve as its entry into the $24 billion call center market. </li></ul>Shares of <a href="https://markets.businessinsider.com/stocks/fivn-stock">Five9</a> jumped as much as 15% on Monday on a deal by <a href="https://markets.businessinsider.com/stocks/zm-stock">Zoom Video Communications</a> to buy the cloud-based call center software maker in an all-stock transaction valued at $14.7 billion, building on Zoom's business which has boomed during the coronavirus pandemic. <a href="https://investors.five9.com/news-releases/news-release-details/zoom-acquire-five9">Zoom in a joint statement</a> said the deal will be its entry into the $24 billion contact center market and will boost its presence with enterprise customers. Five9 has more than 2,000 customers worldwide and it said it facilitates billions of customer engagements each year. Five9 stockholders will receive 0.5533 Class A shares of Zoom for each share of Five9 they own. Five9 climbed 7.8% after stepping up by 15% to $196.99 in premarket trading. Shares of the company, which went public in April 2014, were on course to trade at all-time highs. The stock has risen by about 50% over the past 12 months. Meanwhile, Zoom stock was down 2% early Monday but has picked up 35% over the last year alongside its leap in business as millions of people worldwide took up <keyword id="467791" type="PERSON" weightage="60" keywordseo="Videoconferencing">videoconferencing</keyword> for work and studying remotely because of the COVID-19 health crisis. The company, based in San Jose, California, in March posted a 326% spike in revenue to $2.65 billion. "Enterprises communicate with their customers primarily through the contact center, and we believe this acquisition creates a leading customer engagement platform that will help redefine how companies of all sizes connect with their customers," Eric Yuan, Zoom's founder and CEO, said in a statement. Zoom and Five9 expect the deal to close in the first half of 2022, subject to approval by Five9's shareholders, among other conditions.

Five9 spikes as Zoom announces massive $14.7 billion deal to acquire cloud-based call center operator

You Searched For "tech stcoks" and got 1 results

Five9 spikes as Zoom announces massive $14.7 billion deal to acquire cloud-based call center operator

Carla Mozée

Popular Keywords

Buying Guides