Zoom Video Communications
American communications technology company providing video conferencing, online meetings, and cloud phone systems for businesses and individuals.
Company Type
public
Founded
2011
Headquarters
San Jose, California, USA
Stock
NASDAQ: ZM
Employees
8000
About Zoom Video Communications
Zoom Video Communications is an American communications technology company that provides video conferencing, online meetings, and cloud phone systems for businesses, educational institutions, and individuals worldwide.
History of Zoom Video Communications
Zoom Video Communications was founded in 2011 by Eric Yuan, a former Cisco executive and Webex lead engineer. The company was created to address the growing need for better video conferencing solutions, particularly for businesses and educational institutions.
The initial Zoom platform launched in 2013 with a focus on cloud-based video conferencing that offered superior video and audio quality compared to existing solutions. The platform's user-friendly interface and reliable performance quickly gained traction in the market.
Throughout the mid-2010s, Zoom expanded its product offerings with features like Zoom Phone (cloud phone system), Zoom Chat (team messaging), and Zoom Events (webinar platform). The company also expanded its global presence with offices in Europe, Asia, and Australia.
In 2019, Zoom went public on the NASDAQ stock exchange under ticker ZM, raising $756 million in its initial public offering. The company's stock price surged during the COVID-19 pandemic in 2020 as remote work became essential for businesses worldwide.
Throughout the pandemic, Zoom experienced explosive growth, becoming one of the most essential communication tools for remote work, online education, and virtual events. The company continued to innovate with features like virtual backgrounds, enhanced security, and integration with third-party applications.
Brands Owned by Zoom Video Communications
Zoom Video Communications owns 0 brands in our database.
Stock Information
Zoom Video Communications Ownership: Pros & Cons
Advantages
- +Market leadership in video conferencing with strong brand recognition
- +Scalable cloud-based platform supporting millions of users
- +Strong revenue growth from subscription-based business model
- +Continuous innovation in AI-powered features and user experience
- +Established presence in enterprise, education, and consumer markets
Considerations
- -Intense competition from Microsoft Teams, Google Meet, and other collaboration platforms
- -Security and privacy concerns requiring constant attention
- -Dependence on internet infrastructure and reliability
- -Market saturation in developed regions affecting growth
- -Need to balance free and premium service offerings
Frequently Asked Questions About Zoom Video Communications
Is Zoom Video Communications owned by another company?
No, Zoom Video Communications is an independent, publicly traded company with no parent organization. The company operates independently with shares traded on the NASDAQ stock exchange under the ticker symbol ZM.
Is Zoom Video Communications publicly traded?
Yes, Zoom Video Communications is publicly traded on the NASDAQ stock exchange under ticker ZM. The company has been publicly traded since its initial public offering in 2019.
When was Zoom Video Communications founded?
Zoom Video Communications was founded in 2011 by Eric Yuan. The company was created to develop better video conferencing solutions for businesses and educational institutions.
Who founded Zoom Video Communications?
Zoom Video Communications was founded by Eric Yuan, a former Cisco executive and Webex lead engineer. Yuan founded the company after his experience at Cisco, where he led the development of Webex video conferencing technology.
What is Zoom Video Communications' market position?
Zoom Video Communications holds a leading position in the video conferencing market, particularly known for its user-friendly interface and reliable performance. The company competes with Microsoft Teams, Google Meet, and other collaboration platforms while maintaining strong market share in business, education, and consumer segments.
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