Big Law

Zoom’s Acquisition of Five9 Is Met With National Security Concerns

Zoom remains confident its acquisition of Five9 will clear all regulatory hurdles. That’s despite a U.S. government committee’s review based on national security concerns.

In July, Zoom and Five9 disclosed the $14.7 billion transaction. Through the acquisition, Zoom can extend its global communications network with a cloud-based contact center as a service.

Zoom should complete the acquisition in the first half of 2022. After the deal closes, Five9 will operate as a business unit within Zoom and remain under the leadership of Five9 CEO Rowan Trollope.

Read the source article at channelfutures.com

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