Zoom Preparing for IPO
According to unnamed sources, investment banking and capital markets giant, Morgan Stanley are reportedly ready to take Zoom public. Zoom looks set to be valued at several billion dollars, highlighting both the huge growth and potential in the video conferencing market.
At Zoom’s most recent round of funding in 2017, a $1 billion valuation was quoted. This has since apparently boosted by a $100 million injection from venture capital firm Sequoia. The increase in valuation is significant for the Unified Communications industry as video conferencing adoption continues to see rapid adoption.
Whilst there is still no official word from Morgan Stanley, the connection to Zoom makes a lot of sense. Morgan Stanley position themselves as technology specialists in the investment world and recently hosted a media and telecom conference in Barcelona. Talks included business and digital transformation through innovations like 5G, digital factories and augmented reality.
Whilst the real world use cases for these are immature, the likes of Zoom and video conferencing providers are certainly pushing the agenda, doing more and more with video than has been possible before. The introduction of technologies like 5G and augmented reality can only enhance the video collaboration experience.
Potential to IPO
Eric Yuan, Founder & Chief Executive Office of Zoom, has a rich history of leading success in video providers. Before founding Zoom, Eric was a founding engineer and VP of Engineering at Webex. Here, he grew team from ten engineers to more than eight hundred worldwide and contributed to revenue growth from $0 to more than $700M.
Attracting significant market attention, Cisco eventually announced it would acquire Webex for $3.2 billion.
In September, Zoom announced two key additions to their leadership team. Kimberly L. Hammonds joined the Zoom Board of Directors and Aparna Bawa joined the Zoom executive team as General Counsel. A Zoom press release suggested,
“Hammonds and Bawa will help Zoom scale and drive key strategies including enterprise and international expansion”.
Aparna Bawa has a successful history of sales and acquisitions. In her previous role, she led Magento Commerce’s sale to software giants, Adobe. Before that, Bawa led the Nimble Storage public offering and 2017 acquisition by HPE.
As the investment and acquisition world prepares for an IPO comeback in 2019, it’s intriguing to see what the future holds for Zoom. After experiencing exponential growth like Eric Yuan’s success at Webex and then Cisco, it isn’t too difficult to imagine a scenario much like the Webex acquisition.
Investment publications across the industry have noted both Slack and Zoom as big players to watch in the technology industry next year, with one publication citing,
“Investors may want to keep an eye out for workplace-messaging platform Slack and video conference software provider Zoom”.
There have been 32 IPOs by Bay Area companies so far in 2018. The addition of Zoom wouldn’t be a complete shock but would be a massive wave for the video collaboration community.
We are reached out to Zoom but are still awaiting formal comment on the situation.
Industry: Unified Communication news
- REMOTE Penetration Tester - UK. Senior
- United Kingdom
CH7941 Identifier Project REMOTE Penetration Tester - UK. Senior role. Agile, flexible company looking to attract an experienced Penetration Tester that values transparency, creativity and interesting varied work. To join a growing team to deliver varied (Infrastructure, Web application etc) remote penetration testing to an international client base. You must be technically exceptional, able to work remotely / independently and be able to effectively communicate / document / produce written reports. This is a client facing role, so you must be able to represent yourself and the business in the best light. Experience around penetration testing best practice / frameworks highly desired. Manual penetration testing experience highly valued. Any of the following tests / labs are desired, but experience over Pen 200, OSCP, TryHackMe (THM), HackTheBox (HTB), VulnHub, Virtual Hacking Labs (VHL) GIAC Certified Penetration Tester (GPEN) GIAC Exploit Researcher and Advanced Penetration Tester (GXPN) Offensive Security Certified Professional Certified Penetration Tester (CPT) Certified Expert Penetration Tester (CEPT) Offensive Security Certified Expert (OSCE) CompTIA PenTest+ EC-Council Licensed Penetration Tester Master Certified Mobile and Web Application Penetration Tester (CMWAPT)
- Head of CSOC (Cyber Security Operations Centre), London. Greenfield opportunity
CH7928 Identifier Project Head of CSOC (Cyber Security Operations Centre), London. Greenfield UNIQUE opportunity to establish, manage and grow a world class CSOC. Headquartered in the UK, the CSOC will grow and deliver cyber services into an international and underdeveloped market. As a greenfield site the Head of CSOC will be the first person on the ground to build a capability and team around them. The role will include, but not be limited to; Setting up and establishing a CSOC monitoring service using IBM QRadar and Palo Alto CORTEX XSOAR. Develop roadmap for future CSOC capabilities. Establish, develop processes, playbooks and use cases. Recruit, Build and train a specialist team. Build relationships with key clients- onboard and scale. The successful candidate must have experience working within / leading a technical Cyber Security monitoring capability. Technical experience working with IBM QRadar and Palo Alto CORTEX XSOAR will be highly beneficial, although other SIEM / Security Orchestration, Automation and Response tools are welcome as the skillset is transferable. This brings significant opportunity and welcomes creativity / best practice. Frequent travel to London office will be required. Chris.firstname.lastname@example.org 07884666351
- Aruba Data Centre Network Engineer
- Upto £500 a day
**Outside of IR35 contract** Aruba Data Centre Network engineer is required to start ASAP. You will be responsible for Data Center and Campus Network - Design and implementation of Aruba CX Switches, We are looking for an experienced data centre engineer who is happy to work remotely and autonomously Experience you will need to have, Solid Networking experience with good knowledge of -Routing & Switching - MP-BGP EVPN VXLAN, MPLS/VPLS, EIGRP, BGP, OSPF and Multicast, Experience with Aruba switches ideally the CX range Ideally SC cleared or able to become SC Cleared. This will be a 3 month rolling contract
- Network Engineer-
- 65000 plus bonus
An exciting opportunity has arisen with a global financal business that are looking for an experienced Network engineer with strong Firewall experience in particular Checkpoint You will be responsible for help to support and manage the network infrastructure both LAN/ WAN And VPNs and will have a focus on network secuirty (Checkpoint firewall and Security controls) This is a multi-Site environment with few thousand end users, As the business is growing so is the network so great opportunity to join an expanding business that will help cross-train you in both cloud and onsite solutions. They are looking for a strong network engineer with a mix of expereience o Experience with Azure networking managing VNETs, ExpressRoute, VPNs and other Azure network features such as NSG/MS loadbalancer is required. Working with Check Point firewalls in Azure is desirable. o In-Depth understanding of networking fundamentals including: Network topology, Data Centre Infrastructure systems, Layer 2/Layer 3 Switching, VLANs, Routing, VPNs, High availability protocols. o Demonstrable hands-on experience with Meraki Switches and wireless infrastructure, Arista software, Forcepoint Proxy (would be a strongly desirable), Citrix Netscaler, and Forescout CounterACT Location can be flexible, they are looking for someone who would be happy to do a hybrid working model 3 days at home 2 days in the office.