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Posted On: 04/17/2020 9:53:13 AM
Post# of 32974
Very interesting and certainly sets the bar for video conferencing purchases.
Some facts about Blue Jean:
- Sales of around $100mil
- Debt of around $173mil (unable to verify this figure)
- CEO said BlueJeans was not able to bolster its sales and marketing in the past as it needed more capital
- Blue Jeans, which moved its headquarters to Santana Row in San Jose from Mountain View last year, was valued at more than $700 million when it raised funding in 2015, according to PitchBook Data
- Raised $175mil since being founded
- Blue Jeans focuses on business videoconferencing
- The company's brand-named BlueJeans service has 15,000 enterprise clients
- Blue Jeans service isn’t available free to consumers
- 500 employees
- The company is already a partner of Verizon
- “Verizon got a good deal, but BlueJeans had been trying to sell itself for months,” Piper Sandler analyst James Fish said. “It wasn’t growing as fast as others and had high competition from Zoom, RingCentral, Microsoft, and Cisco.”
https://www.bizjournals.com/sanjose/news/2020...count.html
https://www.reuters.com/article/us-bluejeans-...SKCN21Y209
https://techcrunch.com/2020/04/16/verizon-is-...bluejeans/
Some facts about Blue Jean:
- Sales of around $100mil
- Debt of around $173mil (unable to verify this figure)
- CEO said BlueJeans was not able to bolster its sales and marketing in the past as it needed more capital
- Blue Jeans, which moved its headquarters to Santana Row in San Jose from Mountain View last year, was valued at more than $700 million when it raised funding in 2015, according to PitchBook Data
- Raised $175mil since being founded
- Blue Jeans focuses on business videoconferencing
- The company's brand-named BlueJeans service has 15,000 enterprise clients
- Blue Jeans service isn’t available free to consumers
- 500 employees
- The company is already a partner of Verizon
- “Verizon got a good deal, but BlueJeans had been trying to sell itself for months,” Piper Sandler analyst James Fish said. “It wasn’t growing as fast as others and had high competition from Zoom, RingCentral, Microsoft, and Cisco.”
https://www.bizjournals.com/sanjose/news/2020...count.html
https://www.reuters.com/article/us-bluejeans-...SKCN21Y209
https://techcrunch.com/2020/04/16/verizon-is-...bluejeans/
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