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
Dialpad Inc., the industry leader in AI-powered communication and collaboration, today announced its acquisition of Kare Knowledgeware, a customer experience (CX) platform that optimizes workflow orchestration, knowledge management, analytics and business intelligence. The acquisition and integration of Kare Knowledgeware i
Vonage Holdings Corp., under pressure from activist investor Jana Partners, is working with advisers to run a strategic review of the business, including a potential sale of the telecommunication services company, according to people familiar with the matter. The company said in February it was terminating a sales process
ClearOne, Inc. (NASDAQ: CLRO), a global provider of audio and visual communications solutions, today announced that it has entered into definitive agreements with investors to purchase 3,623,189 shares of common stock (or common stock equivalents) in a private placement priced at-the-market under Nasdaq rules. The Company w
Enghouse Systems Limited (TSX: ENGH) today announced its third quarter unaudited financial results for the period ended July 31, 2021. All the financial information is in Canadian dollars unless otherwise indicated. Financial and operational highlights for the three and nine months ended July 31, 2021 compared to the three
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
Neat, the pioneering video device company, today announced that Zoom Video Communications, Inc has made an additional investment in Neat of $30 million, reflecting the companies’ shared commitment to deliver innovative technologies that ensure an exceptional video communication experience. With this investment, Neat has a
Activist investor Jana Partners has called on Vonage Holdings Inc. to hire advisers to explore strategic alternatives, including a possible sale of all or parts of the telecommunications services company, according to people familiar with the matter. Vonage rose as much as 11% on the news. The New York-based hedge fund,
Valens Semiconductor, Ltd. ("Valens"), a premier provider of high-speed connectivity solutions for the audio-video and automotive markets, announced today that the registration statement on Form F-4 (as amended, the "Registration Statement") related to the previously announced business combination (the "Business Combination
Zoom Video Communications, Inc. (NASDAQ: ZM) today announced financial results for the second fiscal quarter ended July 31, 2021. “In Q2, we achieved our first billion dollar revenue quarter while delivering strong profitability and cash flow,” said Zoom founder and CEO, Eric S. Yuan. “Q2 also marked several milest
