Zoom Video Communications, Inc. is a provider of video-first communication platform and Web conferencing services. It offers cloud-native platform, which unifies cloud video conferencing, online meetings, group messaging and a software-based conference room system, which enables users to easily experience Zoom Meetings in their physical meeting spaces. Its solution offers video, audio and screen-sharing experience across Windows, Mac, Linux, Android, BlackBerry, Zoom Rooms and H.323/Session Initiation Protocol room systems, such as Polycom and Cisco Tandberg. Its solutions include Meetings, Premium Audio, Business Instant Messaging (IM), Video Webinar, Zoom Rooms, H.323/SIP Connector and Developer Platform. Its cloud video conferencing solutions include full screen and gallery view, and dual stream for dual screen. Its security solutions include secure socket layer (SSL) encryption and role-based access control. It offers its solutions to education, finance and government sectors.
https://www.zoom.usZoom Video Communications, Inc. is a relatively young company from the USA, specializing in multi-functional software for video conferencing and collaboration. It was founded in 2011 in California by a Cisco former employee. It was originally called Saasbee, Inc., but before the release of its main product it was renamed to Zoom Video Communications, Inc. The main product - PO for video conferences Zoom, which brought the company's main popularity - was released in January 2013. But in just five months, the number of its users reached 1 mn. A year later, this figure increased by 10 times, and in 2015 - by another 4 times. Already at the beginning of 2017, the company was valued at USD1 bn.
The strongest impact on the company's growth was the COVID-19 pandemic, which literally overnight made Zoom the #1 tool for organizing remote work and communication between employees not only in the USA, but also around the world. In February 2020, the total number of users of the service increased by 2.2 mn, and in April, after the start of the pandemic, the number of daily conferences exceeded 300 mn. This is 30 times more compared to "pre-existing" December 2019.
Financial data
As of 2021:
Zoom shares
The initial public offering of shares took place on April 18, 2019 on the US stock exchange NASDAQ (ticker ZM). The IPO turned out to be more than successful: the initial share price was USD 36, but on the first day of trading it rose by 72%. Now paper companies are a component of the stock index NASDAQ-100.
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