Verizon has acquired BlueJeans Network, an enterprise video conferencing platform that has been touted as a Zoom rival.
The sum of the transaction was not disclosed, but it will be subject to closing conditions.
BlueJeans provides cloud-based video services across a variety of business segments for SMBs.
Verizon will be adding the video tool to its global network and integrate it as part of its 5G product suite for more secure and real-time video chats.
“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 move comes at a time when Zoom is being widely criticised for a lack over its security features.
BlueJeans founders and management will join Verizon’s team to help drive innovation.