Verizon’s acquires BlueJeans to expand its B2B ecosystem
Verizon agreed to acquire enterprise-focused video conferencing service BlueJeans for an estimated $400 million.
BlueJeans provides a paid, encrypted video conferencing platform to over 15,000 clients, according to The Wall Street Journal.
In the first week of April, for instance,
Verizon reported
that online collaboration tool traffic on its network increased tenfold compared with a typical day prior to the pandemic.
Verizon is now set to compete against Microsoft, Google, and Zoom to capitalize on the anticipated long-term shift toward remote work applications.
BlueJeans will expand the range of services within Verizon’s business-to-business (B2B) ecosystem.
Verizon indicated that BlueJeans would be integrated into its broader enterprise services geared toward clients in areas like telehealth and online learning.
Business Insider