Verizon jumps into video conferencing space by acquiring BlueJeans

As the COVID-19 pandemic is forcing most companies to shift their operations to collaboration and video conferencing tools like Slack, Zoom, Webex and Microsoft Teams, all of these services have seen a huge jump in useage and in their share prices!

Verizon isn’t a name you’d usually think of in this suave until, maybe, now with their acquisition of Bluejeans.

BlueJeans, provide a video interoperability gateway service as well as a simple but encrypted videoconferencing platform with around 15, 000 customers. By acquiring Bluejeans, Verizon will not only be able to compete in the video conferencing space, but can also leverage its global footprint to scale the service further and assist users in areas including field service work, distance learning and telemedicine.

Verizon’s CEO, Tami Erwin, said in a press release

“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’s CEO, Tami Erwin

Quentin Gallivan, CEO of Bluejeans has said that the agreement will allow the company to “accelerate product development to innovate secure and immersive collaboration experiences for our customers. In addition, we will be able to leverage the R&D of both companies to create compelling innovations to enhance our offering in use cases like telemedicine, distance learning and field service.

Longer term?

Who know how this will develop and extend. Whether they verizon will keep this as a niche product set or if they will plan to look to compete and integrate / interoperate it with other products will remain to be seen..

What’s your thoughts?

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