With a target of expanding its core business of video conferencing, Zoom Video Communications Inc. is all set to buy Five9 Inc., a cloud based call-center operator. The deal is set to be done for 14.7$ billion.
Zoom has got centre attention in the pandemic period. From business meetings to having school classes online.
It had its rivalry with Microsoft Teams, and Google meet, Zoom with Five9 systems will now try to grow its sphere in something which it offers.
With the launch in 2019, Zoom experienced a surge of more than 450%. It is also expected that the cloud based conferencing will see a growth of more than 5$ billion this year, with Zoom and Cisco being the forerunners.