Zoom seems past video conferencing as triple-digit 2020 development begins to sluggish – TechCrunch

It’s been a heady 12-18 months for Zoom, the decade-old firm that skilled monster 2020 development and extra not too long ago, a mega acquisition with the $14.7 billion Five9 deal in July. That addition is a part of a broader technique the corporate has been endeavor the final couple of years to maneuver past its core video conferencing market into adjacencies like cellphone, assembly administration and messaging, amongst different issues. Right here’s a better take a look at how the plan is unfolding.

Because the pandemic took maintain in March 2020, everybody from companies to colleges to docs and and locations of worship moved on-line. As they did, Zoom video conferencing grew to become central to this cultural shift and the income started pouring in, ushering in a interval of sustained triple-digit development for the corporate that solely not too long ago abated.