![]() In July 2021, Zoom announced its intention to acquire Five9 for $14.7bn-the largest acquisition in Zoom history. In May 2021, Zoom Events was launched to create specific Zoom spaces for virtual experiences.Īs a result of Zoom Phone, Zoom Team Chat, and increasing security measures, Zoom reported a first quarter total revenue of $956.2 million, up 191% year over year. Zoom also retained its leadership in the Gartner Magic Quadrant for Meeting Solutions-making it five years in a row.Īt the start of 2021, Zoom announced sales of one million Zoom Phone seats. Thanks to the addition of Zoom Phone to the portfolio, Zoom was named a leader in the Gartner Magic Quadrant for Unified Communications as-a-Service (UCaaS) Worldwide. Later that year, Zoom announced E2EE for meetings up to 200 participants. By April 2020, Zoom surpassed 300 million daily meeting participants.ĭuring a time of insane growth for Zoom, it acquired Keybase-an end-to-end encryption (E2EE) tool for secure messaging and file-sharing. ![]() In March, Zoom was downloaded 2.13 million times in one day. Zoom stock shot above its $36 IPO price almost immediately and peaked at $104.49 in mid-2019.īuilding on the success of video and phone services, Zoom Chat (now Zoom Team Chat) was launched as an in-app Slack-like messaging platform.Īnd then in early 2020, the world was rocked by the coronavirus pandemic, with millions of people forced to work from home. This was a pivotal moment that saw it change from a web meeting app to an all-around business communication service. In January 2019, Zoom launched its cloud telephone service ( Zoom Phone). In 2018, the Zoom app marketplace launched, housing various Zoom integrations to enhance the work experience within Zoom. The same accolades continued in 2017, 2018, and 2019. It was from this point on Zoom became a mature video conferencing product.īy 2016, Gartner (a global research company) had named Zoom a leader in its Magic Quadrant for Web Conferencing. Within five more months, Zoom had been used by one million different users. Within four months (Jan 2013), Zoom 1.0 became available to the public. By September 2012, its first iteration beta was released. Reportedly, when Eric pitched Cisco his idea for a mobile-friendly video system, it was turned down.īut, my word, haven’t Eric Yuan and Zoom been busy? Zoom history Note, Cisco dropped the upper case E from the second half of Webex. Eric took on the role of VP of Engineering for what would become Cisco Webex. ![]() WebEx was acquired by security and networking giant, Cisco, in 2007. In fact, Eric was one of the founding engineers and proved crucial to the success of its online meetings product. In 1997, Eric moved to San Francisco and was one of the first 20 hires on the WebEx team. The most recent of these qualifications comes during Eric’s time as VP of Engineering at WebEx-an online meetings platform.
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