Five9 shareholders will enter into a share swap transaction with the latter by transferring 0.5533 shares of Zoom Video Communications for every one share of Five9. According to calculations based on the closing price on July 16, the corresponding Five9 share price is US$200.28 per share, and the implied transaction value is approximately US$14.7 billion.
After the transaction is over, Five9 will become a business of Zoom, and Roan Trollope (Roan Trollope) will serve as the President of Zoom and will continue to serve as the CEO of Five9, reporting to Zoom CEO Yuan Zheng.
The boards of directors of both parties have approved the transaction. The transaction is expected to be completed in the first half of 2022, depending on the approval of Five9 shareholders and the progress of relevant regulatory approvals.
This acquisition is expected to help Zoom strengthen its corporate market layout and obtain faster long-term growth opportunities through Five9. Five9 is the pioneer and leader in cloud contact center software. Since the establishment of the company, Five9 has been focusing on providing its cloud platform, occupying a large market by replacing internally deployed call center systems.
