Verizon buys video conferencing app BlueJeans

guest · Apr 16, 2020

Verizon buys video conferencing app BlueJeans
April 16, 2020
https://www.engadget.com/verizon-business-buys-video-conferencing-app-blue-jeans-142104784.html

In a classic example of trying to strike while the iron is hot, the business unit of Verizon (Engadget's parent company) is acquiring BlueJeans. If you're not familiar, BlueJeans is a video conferencing app like Zoom.
Verizon didn't disclose the financial terms of the deal, but it did say the founders, management and employees of BlueJeans are joining the company as part of the acquisition.

With so many people working from home, it's no surprise a company like Verizon wants to build a bigger presence in video conferencing.
There's also the 5G angle, with Verizon saying it plans to "deeply integrate" the platform into its wireless roadmap, focusing on use cases like telemedicine, remote learning and field service work.

In the more immediate future, Verizon will combine the BlueJeans platform and its communications offerings as a service business. If all goes according to plan, the deal should close sometime in the next couple of months.
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Verizon: Verizon Business enters into agreement to acquire BlueJeans

Verizon Business today announced that it has entered into a definitive agreement to acquire BlueJeans Network, a trusted enterprise-grade video conferencing and event platform.

“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.”
BlueJeans is regularly cited as one of the market-leading video conference and collaboration tools, including cloud-based meetings and large, interactive events that are simple, scalable and secure.
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guest · May 18, 2020

Verizon wraps up BlueJeans acquisition lickety split
May 18, 2020
https://techcrunch.com/2020/05/18/verizon-wraps-up-bluejeans-acquisition-lickety-split/

When Verizon (which owns this publication) announced it was buying video conferencing company BlueJeans for around $500 million last month, you probably thought it was going take awhile to bake, but the companies announced today that they has closed the deal.

As BlueJean’s CEO Quentin Gallivan and co-founders, Krish Ramakrishnan and Alagu Periyannan reiterated in a blog post today announcing the deal has been finalized, they saw a lot of potential for growth inside the Verizon Business family that would have been difficult to achieve as a stand-alone company.

Today, organizations are relying on connectivity and digital communications now more than ever. As Verizon announced, adding BlueJeans’ trusted, enterprise-grade video conferencing and event platform to the company’s Advanced Communications portfolio is critical to keep businesses, from small organizations to some of the world’s largest multinational brands, operating at the highest level,” the trio wrote.
BlueJean brings with it 15,000 enterprise customers. It raised $175 million since its founding in 2009.
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guest · Jun 16, 2020

BlueJeans announces stronger encryption for video meetings
June 16, 2020
https://www.zdnet.com/article/bluejeans-announces-end-to-end-encryption-for-video-meetings/

BlueJeans, the videoconferencing software company bought by Verizon in April, announced a series of new security features that aim to bolster meeting security.

The new features include restricted meetings, a new waiting room experience, screen share controls, a one-click meeting lock capability, and adoption of the ever important AES-256 encryption standard to secure user data in transit.
BlueJeans said all video, audio, and content in transit will be encrypted using AES-256 GCM encryption [...]

BlueJeans is also launching a series of features meant to improve the video chat experience, such as virtual backgrounds, meeting transcription, non-raise hand interactions, and an enhanced integration with Slack.
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As part of Verizon, BlueJeans is set to become "deeply integrated" into Verizon's 5G product roadmap, and sold as part of Verizon Business as a secure communications system. BlueJeans has more than 15,000 customers, including Facebook, LinkedIn, Red Hat, Intuit, Zillow and Nordstrom.
BlueJeans said it has seen a 300% increase in user activity over the pre-COVID-19 average. The surge in demand required rapid scale out on Amazon Web Services, the company said.
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