Today, Five9 announced that we will not be moving forward with our proposed acquisition by Zoom. We believe that continuing as a standalone company is in the best interests of our company and shareholders at this time.
Our business is strong, and we believe our future as a standalone company is bright. Over the past 20 years, we have built an industry-leading and differentiated cloud contact center platform that has transformed the way businesses engage with their customers. Each year we help more and more customers to reimagine their customer experience and get real business results, and this is only the start.
The contact center is the new front door for businesses, and as the market continues to shift from on-premises to cloud and digital transformation accelerates, businesses will continue to turn to Five9 to help them deliver a scalable, consistent and reliable customer experience. They will turn to Five9 to help them deliver practical AI and Automation into their business, that is focused on the needs of the contact center and customer experience. They will turn to Five9 to ensure that the audio experience is on par with their other digital channels so that customers can move seamlessly between self-service, chat, Intelligent Virtual Agents (IVAs) and live agents. We are eager to meet and exceed our customers’ and our partners’ expectations and capture the significant opportunity ahead.
We believe that with our focus on product innovation, excellence in go-to-market execution and a strong and evolving partner ecosystem, we can continue to strengthen our relationships with customers and bring new businesses onto the Five9 platform. We saw this excitement in early September when we hosted our largest ever CX Summit. The engagement with customers and prospects coming to learn about how to move to the cloud, how to implement successful AI projects and how to deploy WFO and Workforce Engagement Management (WEM) to motivate and optimize their teams was phenomenal – and we see those conversations continuing.