BlueJeans

Last updated

BlueJeans by Verizon
Type Subsidiary
IndustryCloud Video Conferencing
Founded2009;14 years ago (2009)
Founder
  • Krish Ramakrishnan
  • Alagu Periyannan
Headquarters
Parent Verizon Communications [1] [2]
Website bluejeans.com

BlueJeans by Verizon is a company that provides an interoperable cloud-based video conferencing service. [3] [4] [5] [6] [7] [8] [9] It is headquartered in the Santana Row district of San Jose, California. [10] Prior to being acquired by Verizon, the company was known as "BlueJeans Network" [11] [12] [13] [14]

Contents

History

Krish Ramakrishnan and Alagu Periyannan founded BlueJeans Network in 2009, completing the development within six months of technology trials. Prior to founding the company, Ramakrishnan worked at Accel Partners, and Periyannan was the CTO of Blue Coat Systems as well as a tech lead at Apple Inc. Stu Aaron, the company's chief commercial officer (CCO), described the early work as, "Ultimately, what we're trying to do is make video conferencing as comfortable and as casual as your pair of jeans." The company was able to acquire $23.5 million in venture capital from Accel Partners, NEA, and Norwest Venture Partners, and launched its commercial service on June 29, 2011 [7] [15] [16] [17] with Ramakrishnan as CEO.

The company sought to open up video conferencing to companies across the board, including small businesses and freelancers, in addition to the traditional market of larger corporations. [18] In its first 75 days, BlueJeans grew to 4,000 subscribers from 500 firms. [9] [19] Upon launching, Deutsche Telekom became the company's first major channel partner. The agreement between the firms was to develop "a scalable, interoperable videoconferencing solution in Europe by the end of the year". [16] In 2011 and 2012 it added other channel partners, including InterCall, iVCI, York Telecom, and AVI-SPL. [5] [9] [20] BlueJeans has been used by more than 300,000 people worldwide. [6] [21] In 2013 BlueJeans Network expanded its user base to the UK and Australia. [22] [23] In November 2013, Ari Levy of Businessweek wrote that, "BlueJeans has raised about $100 million in venture funding and estimates it will stream one billion minutes' worth of meetings during 2014, a tenfold increase from this year." [24]

Verizon communications announced on April 16, 2020, that it had entered into an agreement to acquire BlueJeans to expand its Business portfolio offerings, particularly its unified communications offerings. While the price of the acquisition was not announced, it is believed to be in the sub $500M range. [25] The acquisition was completed on May 15, 2020, with the service rebranded as "BlueJeans by Verizon." [26]

On August 8, 2023 Verizon announced that it would shutdown BlueJeans. [27]

Video conferencing

BlueJeans by Verizon provides a proprietary cloud-based video meetings service, interoperable with software development kit, etc., that connects users across different devices, platforms, and conference programs. Every BlueJeans member has a private “meeting room” in the BlueJeans cloud to schedule and host conference meetings. It operates with business conferencing solutions such as Cisco, Microsoft Lync, StarLeaf, Lifesize, and Polycom as well as consumer services like Google. [4] [5] [7] [8] [9] [19] [28] This service can be used directly through BlueJeans Network or through its partner companies. For example, in 2012 BlueJeans Network began powering the videoconferencing services of InterCall. [29]

CRN described BlueJeans services as "endpoint agnostic", meaning it does not discriminate and can work with any video call software or technology, including smartphones. This allows it to bridge between non-room-based videoconference services as well, regardless of the device or service used. [30]

Michal Lev-Ram of Fortune wrote that, "the company is mostly an enhancement—not a threat—to existing videoconference equipment makers. And whichever company ends up leading the charge, there's no question that interoperability is an inevitable must in videoconferencing, just like it was in text messaging on mobile phones. The more use corporate customers can get out of their videoconferencing systems, the more they'll invest in buying them." [17] In contrast to this, Ari Levy reported in 2013 that BlueJeans Network and similar services had begun to cut into the revenues of larger, room-based hardware system developers, due to their greater flexibility and accessing the market of smaller businesses. [24] That year BlueJeans Network also partnered with Salesforce.com, providing BlueJeans run video conferencing to all Salesforce clients through its "Chatter" tool. Forbes also wrote that BlueJeans "will also enable the sharing of presentations, documents, and video clips in real-time" for Salesforce customers. [31] Other customers for BlueJeans Network include Facebook, Foursquare, and MIT. [4] [5] [7] [9] [10] [28]

Awards and recognition

In February 2012, Frost & Sullivan awarded its Entrepreneurial Company of the Year Award to BlueJeans. [9] The Wall Street Journal named BlueJeans a runner-up in the Software category of its 2012 Innovation Awards. [28] In September 2012, the Telecom Council awarded BlueJeans the Graham Bell Award for Best Communication Solutions in its annual SPIFFY awards. [32] In November 2012, University Business honored BlueJeans with its 1st Annual Readers' Choice Awards in the category of Video Conferencing Services. [8] CRN named BlueJeans one of the 25 Coolest Emerging Vendors for 2012. [7] Gartner also named BlueJeans to its Cool Vendors Report for 2012. [10]

In 2013 CRN repositioned BlueJeans on its list to number six among its ten top start-ups. [33] In 2013 CIO magazine ranked BlueJeans No. 3 among the top ten cloud startups of that year, [34] and Business Insider ranked it among its top 21 cloud startups. [35]

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References

  1. ↑ "Verizon officially closes BlueJeans deal" (Press release). 18 May 2020.
  2. ↑ "Introducing BlueJeans by Verizon | BlueJeans by Verizon". 18 May 2020.
  3. ↑ Ryan Lawler (October 22, 2012). "Video Conferencing Startup BlueJeans Network Adds LinkedIn Integration". Techcrunch. Retrieved 1 March 2013.
  4. 1 2 3 Klint Finley (September 10, 2012). "BlueJeans Network Brings Its Video Conferencing Software To Salesforce.com". Techcrunch. Retrieved 1 March 2013.
  5. 1 2 3 4 Kim-Mai Cutler (March 21, 2012). "BlueJeans CEO Looks To Beat His Two-Time Acquirer Cisco With Low-Cost Video Conferencing". Techcrunch. Retrieved 1 March 2013.
  6. 1 2 Kim-Mai Cutler (June 27, 2012). "BlueJeans Puts Another $25M In Its Pocket To Attack Video Conferencing Giants". Techcrunch. Retrieved 1 March 2013.
  7. 1 2 3 4 5 "The 25 Coolest Emerging Vendors For 2012". CRN. August 27, 2012. Archived from the original on 1 November 2012. Retrieved 1 March 2013.
  8. 1 2 3 Laureen Williams (November 29, 2012). "1st Annual Readers' Choice Awards". University Business. Archived from the original on 27 February 2013. Retrieved 1 March 2013.
  9. 1 2 3 4 5 6 "Entrepreneurial Company of the Year Award CSP Videoconferencing Services" (PDF). Bluejeans. Archived from the original (PDF) on 31 May 2012. Retrieved 1 March 2013.
  10. 1 2 3 "BlueJeans Network Named to Gartner's Cool Vendors Report for 2012". BlueJeans. May 4, 2012. Retrieved 1 March 2013.
  11. ↑ "Verizon Business enters into agreement to acquire BlueJeans". www.verizon.com. April 16, 2020.
  12. ↑ "Verizon is buying B2B videoconferencing firm BlueJeans". TechCrunch. 16 April 2020. Retrieved 2020-04-17.[ permanent dead link ]
  13. ↑ Lyons, Kim (2020-04-16). "Verizon to buy BlueJeans video conferencing platform". The Verge. Retrieved 2020-04-17.
  14. ↑ Krouse, Sarah (2020-04-16). "Verizon Buys Zoom Conferencing Rival BlueJeans". Wall Street Journal. ISSN   0099-9660 . Retrieved 2020-04-17.
  15. ↑ Chad Berndtson (August 9, 2011). "Cloud Video Startup BlueJeans Network Taps First VAR Partner". CRN Magazine . Retrieved November 28, 2013.
  16. 1 2 "DeTe partners with BlueJeans Network for videoconferencing". Telecompaper. June 30, 2011. Retrieved November 28, 2013.
  17. 1 2 Michal Lev-Ram (March 21, 2012). "BlueJeans Network brings Skype, Cisco users together". Fortune Magazine . Retrieved November 28, 2013.
  18. ↑ "BlueJeans Tackles Video Conferencing Interoperability". Channel Insider. July 5, 2011. Retrieved November 28, 2013.[ permanent dead link ]
  19. 1 2 "BlueJeans Network Launches Any(ware) Video Conferencing". BusinessWire. June 29, 2011. Retrieved 1 March 2013.
  20. ↑ "Deutsche Telekom gets down to business with cloud based videoconferencing solution from BlueJeans Network". Telekom. June 30, 2011. Archived from the original on 5 May 2012. Retrieved 1 March 2013.
  21. ↑ "BlueJeans Network Celebrates Momentous First Year for Its Video Conferencing Service With New Funding and New Breakthrough Functionality". BlueJeans. June 27, 2012. Archived from the original on 30 March 2013. Retrieved 1 March 2013.
  22. ↑ "BlueJeans Network expands to Australia". Telecompaper. September 13, 2013. Retrieved January 29, 2014.
  23. ↑ Kane Fulton (November 14, 2013). "Video collaboration service BlueJeans wraps legs around UK market". Tech Radar. Retrieved November 28, 2013.
  24. 1 2 Ari Levy (November 21, 2013). "Cisco's Tough Sell for Videoconferencing". Bloomberg Businessweek. Archived from the original on November 22, 2013. Retrieved November 28, 2013.
  25. ↑ "Verizon is buying B2B videoconferencing firm BlueJeans". 16 April 2020.[ permanent dead link ]
  26. ↑ Schultz, Lauren (18 May 2020). "Verizon officially closes BlueJeans deal". Verizon. Retrieved 28 May 2020.
  27. ↑ Peters, Jay (8 August 2023). "Verizon is shutting down the videoconferencing app it bought for $400 million". The Verge. Retrieved 10 August 2023.
  28. 1 2 3 "Technology Innovation Awards". The Wall Street Journal. Retrieved 1 March 2013.[ permanent dead link ]
  29. ↑ David F. Carr (April 16, 2012). "InterCall Partnership Boosts BlueJeans' Videoconferencing". Information Week . Retrieved November 28, 2013.
  30. ↑ Edward F. Moltzen (January 17, 2012). "Review: BlueJeans' Video In The Cloud". CRN Magazine. Archived from the original on November 28, 2013. Retrieved November 28, 2013.
  31. ↑ Ben Kepes (November 18, 2013). "Salesforce Picks BlueJeans For First Video Integration. But It's Complicated". Forbes Magazine . Retrieved November 28, 2013.
  32. ↑ "Fifth Annual Telecom Council SPIFFY Award Winners Announced". Web Wire. Retrieved 1 March 2013.
  33. ↑ Kristin Bent (July 10, 2013). "The 10 Coolest Networking Startups Of 2013 (So Far)". CRN. Retrieved January 29, 2014.
  34. ↑ Jeff Vance (March 20, 2013). "Ranking the Top 10 Cloud Startups". CIO Magazine. Archived from the original on February 3, 2014. Retrieved January 29, 2014.
  35. ↑ "The 21 Hottest Cloud Startups Right Now". Business Insider . Retrieved January 29, 2014.
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