Verizon Business to Acquire BlueJeans | Financial Buzz

Verizon Business to Acquire BlueJeans

Verizon Business (NYSE: VZ) reported entry into a definitive agreement to acquire BlueJeans Network.  Blue Jeans Network is an enterprise grade video conference and event platform.  This is no surprise as Verizon has a huge communications portfolio.  BlueJeans services numerous business segments, small organizations to huge multinational brands. 

“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,” said Tami Erwin, CEO of Verizon Business. “Collaboration and communications have become top of the agenda for businesses of all sizes and in all sectors in recent months. We are excited to combine the power of BlueJeans’ video platform with Verizon Business’ connectivity networks, platforms and solutions to meet our customers’ needs.”

“The combination of BlueJeans’ world class enterprise video collaboration platform and trusted brand with Verizon Business’ next generation edge computing innovation will deliver highly differentiated and compelling solutions to our joint customers,” said Quentin Gallivan, CEO of BlueJeans Network. “We are very excited about joining the Verizon team and we truly believe the future of business communications starts today!”

BlueJeans is renowned as one of the lead video conferencing and collaboration tools.  Founders and key management of BlueJeans will join Verizon to continue to pursue growth an innovation of the business.  All BlueJeans employees are to become Verizon Employees immediately at the closing of the deal.