The Technology team advised BlueJeans Network in connection with its pending sale to Verizon Business. The transaction will combine BlueJeans’ simple, smart and trusted meeting platform with Verizon’s unified communications as a service business immediately. BlueJeans founders and key management team will join Verizon to lead the continued growth and innovation of the business. BlueJeans employees will become Verizon employees immediately following the close of the deal which is expected in the second quarter, subject to customary closing conditions. Financial terms of the transaction were not disclosed
BlueJeans is regularly cited as one of the market-leading video conference and collaboration tools, including cloud-based meetings and large, interactive events that are simple, scalable and secure. The company’s cloud-based video service currently serves a wide variety of business segments from small organizations to some of the world’s largest multinational brands, and has played a significant part in continuing those companies’ operations during the ongoing work-from-home surge.
The team also included partners Lynda Galligan, Kelsey Lemaster, Kevin Lam, Jake Osborn, Koray Bulut, Paul Jin, Gemma Roberts and Yash Rana, counsel Ginggi Storer, Jacqueline Klosek, Ai Tajima, Ce Li and Jessica Gill, associates Han Chang, Ben Horwitz, John Lomazzi, Patty Shields, Tracy Parker, Monica Patel, Renata Stephens, Leah Black, Tessa Agar, Ananth Lakshman and international legal consultant Asmita Mishra.
For additional details on the acquisition, please read the press release.