What Is Five9?

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Zoom  (ZM) - Get Zoom Video Communications (ZM) Report is acquiring Five9  (FIVN) - Get Five9 Inc. Report for around $15 billion in an all-stock deal.

The popular videoconference app Zoom--which saw a rise in popularity during the coronavirus pandemic paused in-person meetings--is expected to close in the deal in the first half of 2022.

But what does Five9 do?

The company is a leading cloud contact software provider company that has been in the business since 2001. The software company provides an easy customer experience on various platforms including email and phone. 

Five9 has over 2000 customers including companies such as Under Armour  (UAA) - Get Under Armour, Inc. Class A Report and Citrix  (CTXS) - Get Citrix Systems, Inc. Report

"I believe the combination of Zoom and Five9 will be a game-changer," said Five9 CEO Rowan Trollope. "Joining forces will create a transformative opportunity for two strong companies with complementary capabilities and shared values." 

Watch the video above to know more.

Related: Watch How Zoom Made This Couple's Wedding Possible Amid Coronavirus Pandemic

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