Five9 stockholders still have to approve the deal, and it requires regulatory clearance. The transaction is expected to close in the first half of 2022. He departed to take the CEO role at Five9 in 2018. He eventually rose to become senior vice president in charge of all of Cisco's collaboration products and was seen by some analysts as the top lieutenant to CEO Chuck Robbins. Trollope joined Cisco in 2012 after a 22-year career at Symantec. Trollope will become a president of Zoom and remain as CEO of Five9, reporting to Yuan. He stayed at Cisco until he left to start Zoom. Yuan, who founded Zoom in 2011, previously helped build WebEx, which Cisco bought in 2007 for $3.2 billion.
The deal brings together two former Cisco executives. "We're not having to convince customers that cloud is an acceptable option anymore," he said. CEO Rowan Trollope told CNBC's Jim Cramer in May that the company signed two of its largest deals during the latest period, expecting them to generate more than $20 million combined annually.
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Companies had to quickly adapt to cloud software of all sorts, including for their contact centers.įive9's revenue climbed 33% to $435 million last year. Zoom's stock price jumped almost 400% last year, though it's dropped 36% since reaching its peak in October.įive9 has seen rapid growth of its own since early 2020, as demand surged for call center technology that would allow representatives to do their jobs from home. It also needs new revenue sources as Microsoft ramps up competition in video chat with Teams. While the company has launched new products to reckon with coming changes to its business, it's now so big that organic growth alone is unlikely to satisfy Wall Street. Zoom has been among the top growth stories in the 16 months since Covid-19 caused a sudden shutdown of offices across the globe, forcing workers in finance, retail, tech and law offices to communicate from remote locations.Īfter expanding revenue by 326% in 2020, Zoom faces a natural slowdown, especially as companies reopen and face-to-face meetings resume. That values Five9 at $200.28 a share, a 13% premium, and represents about 14% of Zoom's market cap of close to $107 billion. Zoom said Five9 stockholders will receive 0.5533 shares of Zoom Video Communications for every Five9 share. 5nine V2V Easy Converter is a standalone software-based solution that eliminates the need for any extra components to reduce additional costs or complexity."We are continuously looking for ways to enhance our platform, and the addition of Five9 is a natural fit that will deliver even more happiness and value to our customers," said Zoom CEO Eric Yuan in a press release.įive9 closed on Friday with a market cap of $11.9 billion, or $177.60 a share. Many enterprise migration solutions require additional programs or hardware appliances to be integrated into the datacenter to perform the conversion. Use Standalone Software without Needing Expensive Hardware Appliances Start with the 5nine V2V Easy Converter to streamline your migration project with non-intrusive conversions.
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It supports every Hyper-V guest operating system, including the latest versions of Windows and Windows Server, along with numerous Linux and UNIX distributions. Streamline your Migration Project the Broadest OS Support and Leading Conversion Ratesĥnine V2V Easy Converter is the only migration tool you need as it has amongst the highest conversion rates in the industry. No matter whether you are small company or an enterprise, now virtual machine conversions have never been so simple with an intuitive wizard! The conversion happens up to 30% faster than current competition, bringing your services back online sooner. Effortlessly Migrate from VMware to Hyper-V with a Simple Wizardĥnine V2V Easy Converter quickly migrates virtual machines from a VMware to Hyper-V host.
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