Zoom Buys Cloud Contact Center Vendor Five9 for $14.7 Billion
Zoom has announced a deal to buy cloud contact center company Five9 for $14.7 billion (with a B) in stock. The price is an astronomical 34x Five9’s $425 million revenue and nearly 5x Zoom’s own revenue. Zoom sees the deal as giving it a firmer foothold in the enterprise communications market, although Five9 is far from the market leader.