Video conferencing company Zoom readies IPO, say sources: Reuters
Zoom Video Communications Inc, a conferencing company started by an early engineer at collaboration software maker Webex, is preparing for an initial public offering (IPO), people familiar with the matter said on Friday.
Zoom is aiming to be valued in the IPO at several billion dollars more than the $1 billion valuation it achieved in its most recent funding round in 2017, when it received $100 million from venture capital firm Sequoia, the sources said.
San Jose, California-based Zoom has asked investment bank Morgan Stanley (MS.N) to lead the IPO, which could come as early as next year, the sources said. Zoom’s IPO plans are not final and could still change, the sources cautioned, asking not to be identified because the matter is confidential.
Zoom declined to comment. Morgan Stanley did not respond to a request for comment.
Despite this month’s stock market downturn, technology firms are increasingly ramping up efforts to go public while interest rates remain low and valuations of private companies stay relatively high.
Reuters reported previously that CrowdStrike, a security software firm, had hired Goldman Sachs Group Inc (GS.N) to lead an IPO that could value it at more than $3 billion.
Cloudflare Inc, a U.S. startup whose software makes websites load faster and with greater security, is preparing for an initial public offering (IPO) that could value it at more than $3.5 billion, Reuters reported earlier this month.
Founded in 2011, Zoom provides cloud-based video and audio software to companies that has become a mainstay in conference rooms around Silicon Valley and replaced pricier and older phone software made by companies such as Avaya, Mitel and Cisco Systems Inc (CSCO.O).
Eric Yuan was one of the founding engineers at WebEx, which was sold to Cisco for $3.2 billion in 2007. Other investors in Zoom include Emergence Capital, Horizons Ventures, Qualcomm Ventures and biotech billionaire Patrick Soon-Shiong.
Source: pehub
Industry: Unified communication news
Latest Jobs
-
- Contact 12 month- Security Operations- Crowdstrike Falcon Insight EDR / Analyst.
- United Kingdom
- Dependent on experience
-
Security Operations engineer / Analyst with Crowdstrike Falcon Insight EDR experience for a 12 month contract. Experienced Contractor with Crowdstrike Falcon Insight: Endpoint detection and Response (EDR) experience needed - 12 month rolling project. Implementation, configuration and Analyst experience needed with Crowdstrike Falcon Insight: (EDR) Migration project- relocating capability internationally. technically implementing, configuration of that that migration and then transition to BAU role monitoring. DCL Search exclusive associate Project.
-
- SailPoint Consultant
- London
- Upto £75,000 plus benefits
-
SailPoint Consultant is needed for an expanding Financial Service business, this is an exciting time to join the Business as they are in the Process of deploying both IAM and PAM solutions and this consultant will form a key part of the IAM team Location can be flexible but would require the individual to come into the London office a couple of times a month for team meetings and face to face project reviews Duties include · Engage in the Identity & Access Management project to deliver SailPoint IdentityNow and Privileged Access Management · On-board applications and users into IAM tools and customise or configure integrations as required · Regularly review, secure and recertify privileged roles in applications, databases and operating systems · Implement least privilege, just-in-time access, password rotation and vaulting wherever possible · Migrate application authentication to Single Sign-On through the use of SAML and OAuth · Implement and enforce the use of MFA where possible, focusing on critical applications and risky sign-ins · Provide technical support to Centrify and SailPoint users Key experience required: Previous experience with SailPoint, including integrating and deploying into a business, onboarding users and applications, supporting users and performing manual administration tasks. Experience with SAML and OAuth to migrate applications to Single Sign-on. If you are interested in hearing more please reach out to me for more information
-
- Centrify Consultant
- London
- Upto £75,000 plus benefits
-
A Privileged Access Management Consultant is needed for an expanding Financial Service business, this is an exciting time to join the Business as they are in the Process of deploying a Centrify PAM solution,, this consultant will form a key part of the team Location can be flexible but would require the individual to come into the London office a couple of times a month for team meetings and face to face project reviews Duties include · On-board applications and users into PAM tools and customise or configure integrations as required · Regularly review, secure and recertify privileged roles in applications, databases and operating systems · Implement least privilege, just-in-time access, password rotation and vaulting wherever possible · Migrate application authentication to Single Sign-On through the use of SAML and OAuth · Implement and enforce the use of MFA where possible, focusing on critical applications and risky sign-ins · Provide technical support to Centrify users You would also gain expsoure with the IAM toolset as part of an Identity Access deployment. Key experience required: Previous experience with a PAM tool (Centrify would be an added bonus but not essential) including integrating and deploying into a business, onboarding users and applications, supporting users and performing manual administration tasks. Experience with SAML and OAuth to migrate applications to Single Sign-on. If you are interested in hearing more please reach out to me for more information
-
- SOC team lead- Deputy SOC manager - Managed Security Services, Bradford. Exclusive
- Bradford
- £70,000 +
-
SOC team lead- Deputy SOC Manager - Managed Cyber Security Services, Bradford. Exclusive Identifier project. Technical team lead needed to join a Managed Cyber Security Services business. The role will be a hands on lead role and technical escalation point for the team. You will also be responsible for leading, mentoring, growing and developing the team. You will be the deputy SOC manager and be involved in the strategic growth of the capability. A managed security services background is essential, specifically within a managed security operations capability. Current hands on support experience across Firewall, SIEM, Incident Response is essential.