The acquisition will deeply reflect in scaling up the performance of Verizon's 5G products.

An American telecommunications conglomerate, Verizon Business signs the definitive agreement to acquire an enterprise-grade video conferencing & event hosting platform of BlueJeans to improve localized communication. The pandemic has afflicted global communications at large; to mobilize the operations BlueJeans’ cloud-based video served as a boon for the professionals who are working from home. BlueJeans video services served a wide variety of business segments from MSMEs to mammoth enterprises, thus, the acquisition will put Verizon a foot forward in creating an immersive unified communications portfolio.

“As the way we work continues to change, it is absolutely critical for businesses and public sector customers to have access to a comprehensive suite of offerings that are enterprise-ready, secure, and frictionless, and that integrate with existing tools. Collaboration and communications have become top of the agenda for businesses of all sizes and in all sectors in recent months. We are excited to combine the power of BlueJeans’ video platform with Verizon Business’ connectivity networks, platforms and solutions to meet our customers’ needs,” says Tami Erwin, CEO, Verizon Business.

The combination of BlueJeans’ world-class enterprise video collaboration platform and trusted brand with Verizon Business’ next-generation edge computing innovation will deliver highly differentiated and compelling solutions to our joint customers

The transaction to combine BlueJeans’ simple, smart and trusted meeting platform with Verizon’s unified communications as a service business, is expected to close the second quarter.Witnessed by Evercore and Goodwin Procter, legal advisors of BlueJeans and Debevoise & Plimpton, advocating for Verizon. Plus, Blue Jeans platform will secure Verizon's 5G product roadmap with realtime engagement solutions for the definitive industries like telemedicine, distance learning, and field service work.

“The combination of BlueJeans’ world-class enterprise video collaboration platform and trusted brand with Verizon Business’ next-generation edge computing innovation will deliver highly differentiated and compelling solutions to our joint customers,” says Quentin Gallivan, CEO, BlueJeans Network. Quentin adds, “We are very excited about joining the Verizon team and we truly believe the future of business communications starts today!”

BlueJeans is the market pioneer in video conference & collaboration tools, with Verizon’s high-performance global networks, which promises a wider client-scape to proffer its services. On the contrary, the contract will close with a complete operational acquisition of BlueJeans resources and has agreed to collate reforms with Verizon's Busines.