Zoom to acquire cloud software provider Five9 for nearly $15 billion

Zoom’s latest acquisition is a bid to target more business clients looking to boost customer engagement, said the company recently. The video conferencing service offered by the company was widely adopted by households and businesses after the Covid-19 pandemic.

US-based teleconferencing services provider Zoom Video Communications Inc has agreed to buy cloud software provider Five9 Inc in an all-stock deal worth $14.7 billion. Zoom’s latest acquisition is a bid to target more business clients looking to boost customer engagement, said the company recently. The video conferencing service offered by the company was widely adopted by households and businesses after the Covid-19 pandemic.