COVID-19: New Type of Purchasing?

Markets are moving in new directions.  The demand for digitalization is growing at an extraordinary pace in the age of social distancing.

BlueJeans – one of the world’s largest videoconferencing, screen sharing and video calling companies with around 15,000 customers – is being bought out by Verizon for approximately $400 million. According to Business CEO of Verizon Tami Erwin:

 “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.”

BlueJeans will be built into Verizon’s 5G offering.  Since companies such as Zoom have faced hacking issues and the New York City Department of Education told workers not to use it, other rival companies are now seeking to profit from the new business opportunity.