Verizon is shutting down BlueJeans, which it purchased for $400 million

Verizon is shutting down BlueJeans, its Zoom competitor it acquired within the early days of the covid pandemic, as reported by 9to5Google.

9to5Google shared the textual content of an e-mail obtained by BlueJeans clients that stated that “we now have made the troublesome determination to sundown our suite of BlueJeans merchandise.” BlueJeans’ just lately launched free Fundamental plan and free trial choices will probably be discontinued on August thirty first, based on the e-mail. That e-mail doesn’t say how lengthy individuals on BlueJeans’ paid choices may have entry to the corporate’s companies. Verizon didn’t instantly reply to a request for remark.

BlueJeans was an enormous acquisition for Verizon; when the deal was introduced in April 2020, CNBC reported that Verizon was going to pay round $400 million for the corporate. On the time, videoconferencing firms like Zoom and BlueJeans have been seeing elevated utilization throughout the pandemic, however now that many firms have applied insurance policies bringing employees again to the workplace, digital collaboration apps aren’t fairly as sizzling as they was once.