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

While it’s crystal clear that video conferencing is a hot item during the pandemic, all slopes maintained that this deal was about much more than the short-term requirements of COVID-1 9. In fact, Verizon watched an enterprise-grade video conferencing scaffold that they are able to fit delicately into its 5G policy around things like tele-medicine and online learning.

Verizon is buying B2B videoconferencing firm BlueJeans

They believe these needs will far outlast these situations, and BlueJeans applies them in good shape to carry out a longer-term video strategy, especially on the burgeoning 5G platform. As BlueJean’s CEO Quentin Gallivan and co-founders, Krish Ramakrishnan and Alagu Periyannan reiterated in a blog pole today announce the consider has been finalized, they envisioned a lot of potential for growth inside the Verizon Business family that would have been difficult to achieve as a stand-alone company.

” Today, bands are relying on connectivity and digital communications now more than ever. As Verizon announced, contributing BlueJeans’ trusted, enterprise-grade video conferencing and occurrence stage to the company’s Advanced Communications portfolio is critical to keep firms, from small organizations to some of the world’s largest multinational symbols, operating at the highest level ,” the trio wrote.

As Alan Pelz-Sharpe, benefactor and dean psychoanalyst at Deep Analysis told TechCrunch at the time of the acquisition announcement, Verizon got a good deal here.

Verizon is getting one of the only true-life enterprise-grade online conferencing plans in the market at a fairly low price, ” he told TechCrunch. “On one level, all these systems do pretty much the same thing, but BlueJeans has always prided itself on superior sound and audio aspect. It is also a system that magnitudes well and can treat large numbers of participants as well, if not better, than its nearest competitors.

BlueJean brings with it 15,000 enterprise purchasers. It raised $175 million since its founding in 2009.

Verizon’s BlueJeans possession is about more than the work-from-home trend

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