Verizon Business announced on April 17 the definitive agreement for the acquisition of BlueJeans Network, the videoconferencing and enterprise-level events platform. The acquisition expands Verizon’s immersive unified communication offering
The acquisition will combine BlueJeans with Verizon’s unified communication as a service offering, allowing users to benefit from BlueJeans’ enterprise-level video experience, using Verizon’s high-performance global networks. In addition, the platform will be integrated into Verizon’s 5G product roadmap, providing secure and real-time engagement solutions for fast-growing sectors such as telemedicine, distance learning and field service.
“As the way we work continues to change, it is essential for companies and customers in the public sector to have access to a full range of offers that are dedicated to them, safe, functional and that integrate with existing tools,” said Tami Erwin , CEO of Verizon Business. “In recent months, collaboration and communications have become priorities on the agenda for companies of all sizes and in all sectors. We are excited to combine the power of BlueJeans ‘video platform with Verizon Business’ networks, platforms and connectivity solutions to meet the needs of our customers. ”
“The combination of BlueJeans’ global video collaboration platform and its esteemed brand with Verizon Business’s next-generation edge computing innovation will provide differentiated and viable solutions to our common customers,” said Quentin Gallivan, CEO by BlueJeans Network. “We are very happy to join the Verizon team and truly believe that the future of corporate communications begins today!”
The acquisition process is subject to customary conditions, therefore it should end in the second quarter of 2020.