Zoom to acquire Five9, which makes cloud-based software for call centers, in an all-stock deal valued at $14.7B.

Zoom to acquire Five9, which makes cloud-based software for call centers, in an all-stock deal valued at $14.7B.
Five9 has 2K business clients and processes 7B minutes of calls annually. The deal will expand Zoom's "Zoom Phone" offering and is Zoom's first major acquisition. 20-year-old Five9 will become an operating unit of Zoom after the deal. Five9 will sell Zoom's communication products to their business customers and Zoom will cross-sell Five9's solution to their customer base. Link