Zoom and Five9 have another stab at acquisition

Zoom is having another stab at buying Five9 more than two years after its failed $14.7 billion bid.

According to a Bloomberg report, Zoom, the California-based communications tool vendor, has held acquisition discussions with Five9, which is working with advisers.

Five9, a contact centre software vendor based in California, will likely attract other potential buyers.

Five9 has about 950 channel partners worldwide and 700 in North America. More than 32 per cent of Zoom’s overall sales come through the channel. In 2022, the company said it had over 8,500 partners worldwide.

In 2021, Zoom’s $14.7bn offer for Five9 was voted down by the its shareholders.