Saturday, July 24


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Five9 spikes as Zoom announces massive $14.7 billion deal to acquire cloud-based call center operator

Carlo Allegri/AP Five9 soared as much as 15% early Monday following a deal to be acquired by Zoom Video Communications. Zoom shares were lower after announcing the $14.7 billion all-stock transaction. Zoom's deal will serve as its entry into the $24 billion call center market. See more stories on Insider's business page. Shares of Five9 jumped as much as 15% on Monday on a deal by Zoom Video Communications to buy the cloud-based call center software maker in an all-stock transaction valued at $14.7 billion, building on Zoom's business which has boomed during the coronavirus pandemic . Zoom in a joint statement said the deal will be its entry into the $24 billion contact center market and will boost its presence with enterprise customers. Five9 has more than 2,000 customers wor...