Verizon is shutting down the videoconferencing app it bought 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 electronic mail obtained by BlueJeans prospects that stated that “we now have made the troublesome resolution to sundown our suite of BlueJeans merchandise.” BlueJeans’ lately launched free Basic plan and free trial choices might be discontinued on August thirty first, in line with the e-mail. That electronic mail doesn’t say how lengthy individuals on BlueJeans’ paid choices can 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 company. On the time, videoconferencing firms like Zoom and BlueJeans had been seeing elevated utilization through the pandemic, however now that many firms have carried out insurance policies bringing employees again to the workplace, digital collaboration apps aren’t fairly as sizzling as they was once.