Verizon has written a cheque for BlueJeans Network for less than $500 million as it looks to tap into the new-found popularity of video-conferencing apps.
BlueJeans has about 15,000 enterprise clients and counts Facebook and Standard Chartered (STAN.L) among its major customers.
BlueJeans co-founder and Executive Chairman Krish Ramakrishnan said the deal was negotiated during the last three months mainly using the company’s video-conferencing tool.
“This is the new norm”, he said, referring to how the deal was clinched in a virtual setup that also included the use of e-signatures.
