Verizon will buy video conferencing company BlueJeans

Teams have seen an uptick in usage as more American regions have been instructed to stay at home to tamp down the spread of the virus. The acquisition shows Verizon is looking to be a part of that movement as businesses still struggle to reopen offices.

"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," Verizon Business CEO Tami Erwin said in a statement.This story is developing. Check back for updates.

This is the time to buy distressed assets not taking care of your employees! -Capitalism Jesus

Yahoo!

What a garbage accusation. They would be better off buying an actual pants company than whatever blue jeans is.

lighting money on fire, nobody uses BlueJeans

In theory this is a smart addition to their business services if they can pre-install on devices. Certainly lower risk than buying AOL + Yahoo for $9B then proceeding to write it down by $5B — although paying $30,000 per customer seems steep for video software...

The future

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Verizon adopts virtual tech for in-home assistance amid pandemic - Business InsiderThe coronavirus has forced Verizon to adopt virtual tech to replace home visits as it looks for new ways to continue performing essential operations.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Okta generated 4,000 leads at its virtual tech conference - Business InsiderThe CEO of $17 billion Okta says that doing its multi-day annual tech conference online generated 4,000 leads — way more than at its usual Las Vegas extravaganza Having it online makes it much more fee-sable and accessible for people to join in. Unfortunately this year we where not going to attend MicroFocus Universe. However it was all online meaning we where able to join in watch live ask questions. They did a really good job too. You really think people are thinking about work in Vegas. Of course this is the case.
Source: BusinessInsider - 🏆 729. / 51 Read more »