Five9, Zoom terminate merger agreement

4

Five9’s merger agreement with Zoom has been terminated by mutual agreement, Five9 said in a statement on Friday.

The agreement did not receive the requisite number of votes from Five9 shareholders to approve the merger with Zoom. Five9 will continue to operate as a standalone publicly traded company, according to the statement.

Zoom and Five9 will continue the partnership that was in place prior to the announcement, which includes support for integrations between their respective Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions and joint go-to-market efforts, says Five9.

[Image courtesy: Five9]