A U.S. government committee that reviews foreign investment in telecom is probing videoconferencing company Zoom’s $14.7 billion deal for cloud call center company Five9. In an August filing with the Federal Communications Commission, the Justice Department, which chairs the committee, said it would review the deal “
ISS noted that Zoom shares dropped nearly 17% the day after the company’s earnings report on Aug. 30., where Zoom’s outlook was below Wall Street estimates and sales growth was slowing. As a result, ISS said that the original offer implied an offer of $200.28 per Five9 share, whereas the current exchange rate implies $1
Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, today announced that it will donate funds to support Make-A-Wish® in granting wishes for two children with critical illnesses. Five9 collaborated with Make-A-Wish Greater Bay Area and Make-A-Wish International as part of the Five9 CX S
Not so fast, Zoom. Research analyst Scott Berg says Zoom’s offer to acquire Five9 is “fundamentally flawed” and Five9’s shareholders should reject it. In July, Zoom and Five9 disclosed the $14.7 billion all-stock transaction. Through the Five9 acquisition, Zoom can extend its global communications network with a
Zoom made headlines in July when it announced it was purchasing Five9, despite apparently having competition from Salesforce. Five9 is a leading intelligent cloud contact center provider, making it natural fit for Zoom. Zoom’s roots were primarily in the enterprise before the pandemic made the company a household name
Five9, Inc. (NASDAQ:FIVN), a leading provider of cloud contact center software, today reported results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial Results Revenue for the second quarter of 2021 increased 44% to a record $143.8 million, compared to $99.8 million for the second quarter of
Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, today announced that it is now accepting nominations for the 2021 Reimagine CX Awards. The new awards program recognizes organizations that are using Five9 solutions to lead customer experience transformation and change the role the cont
Ademi LLP is investigating Five9 (NASDAQ: FIVN) for possible breaches of fiduciary duty and other violations of law in its transaction with Zoom. Ademi LLP alleges Five9's financial outlook is excellent and yet Five9 shareholders will receive only 0.5533 shares of Class A common stock of Zoom for each share of Five9. Bas
Textel, a rapidly growing texting platform designed specifically for contact centers, announced a new integration with Five9, a leading provider of the intelligent cloud contact center. This is Textel’s latest integration with a contact center as a service (CCaaS) solution and allows more businesses to incorporate texting
Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it has entered into a definitive agreement to acquire Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, in an all-stock transaction valued at approximately $14.7 billion. Combining Five9’s Contact Center as a Service (“CCa
