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CORRECTION – Zoom Unveils Platform Evolution; Launches New Packaging and Translation Feature

  • Zoom One is a new offering that brings together options for persistent chat, phone, meetings, whiteboard, and more into a single, secure and scalable package
  • All–new translation feature allows meetings to be translated between English and any of the 10 languages, or from those languages into English

SAN JOSE, Calif., June 23, 2022 (GLOBE NEWSWIRE) —

Zoom Video Communications, Inc. (NASDAQ: ZM) is updating a press release issued on June 22, 2022 to clarify that Unlimited Regional Calling is an optional add–on feature for Zoom One Enterprise and Enterprise Plus customers. Complete corrected text follows.

Zoom Video Communications, Inc. (NASDAQ: ZM) today unveiled the latest evolution of its communications platform with the introduction of Zoom One, a new offering that brings together persistent chat, phone, meetings, whiteboard, and more into secure and scalable packages. Additionally, Zoom also launched an all new translated and multi–language captions feature.

"Simplicity is at the core of everything we do. As the Zoom platform has evolved from a meeting app to a comprehensive communications platform, it was clear that introducing new packaging like Zoom One was the next step in the company's evolution," said Greg Tomb, President, Zoom. "By bringing together chat, phone, meetings, whiteboard, and more in a single offering, we are able to offer our customers solutions that are simple to manage, so they can focus on business issues that matter most."

"Businesses continue to realize the time and cost saving a single provider can offer. According to Omdia's latest end user survey, 40% of organizations are prioritizing investments around eliminating multiple cloud–based UC solutions that may be deployed within their organizations," states Brent Kelly, Principal Analyst, Omdia Research. "The need to simplify business operations is a market trend that we see as being increasingly important, and Zoom One's tiered bundles and common management console aligns well to this customer demand.”

Zoom One's intuitive experience
Purpose–built to work together, Zoom One's intuitive experience offers customers the choice between six tiered offerings according to their business needs.

  • Zoom One Basic provides free 40–minute Zoom Meetings for up to 100 attendees, persistent Zoom Chat for team messaging, limited Zoom Whiteboard for synchronous and asynchronous work, and real–time transcription.
  • Zoom One Pro provides everything Zoom One Basic offers without Meeting time limits, plus cloud recording.
  • Zoom One Business provides everything Zoom One Pro offers, plus Zoom Meetings for up to 300 attendees and unlimited Zoom Whiteboards.
  • Zoom One Business Plus provides everything Zoom One Business offers, plus Zoom Phone Pro with unlimited regional calling and Zoom's all–new translation feature.
  • Zoom One Enterprise and Zoom One Enterprise Plus are similar to Zoom One Business, with larger meeting capacity and additional features, like Zoom Webinars, to help modern businesses scale. Unlimited Regional Calling is an optional add–on feature for Zoom One Enterprise and Enterprise Plus.

Zoom One Basic, Pro, Business and Business Plus plans are available for purchase online today. To purchase Zoom One Enterprise or Enterprise Plus, customers can speak to an account executive directly. For more information, visit https://zoom.us/pricing.

"If you provide a complete suite of reliable and easy–to–use communication tools that people can use to do their jobs, they are less likely to be using one–off solutions outside of our offerings "" which in turn simplifies our support and delivery model," said Rob Kerr, chief information officer at Cooley, a global law firm with 3,300 employees in 17 offices across the United States, Asia, and Europe. "Zoom's secure portfolio of unified video, chat, whiteboarding, and telephony solutions aligns our global teams and allows Cooley to better serve its clients."

For more information on the new, simplified offerings or to find the plan that is best suited for your business, visit the Zoom blog.

Introducing translated & multi–language captions
Launching first in Zoom One Business Plus and Zoom One Enterprise Plus packages, Zoom's translated captions will allow users to view captions translated into the language of their choice. At launch, translations will be available between English and 10 additional languages, or from any of the 10 languages to English. The ability to translate directly to and from English is known as bi–directional translation. Translated captions display at the base of the screen while in a Zoom Meeting.

The bi–directional translations are available in the following languages: Chinese (Simplified), Dutch, English, French, German, Italian, Japanese, Korean, Russian, Spanish, and Ukrainian.

To access the translated captions feature, Zoom One customers must upgrade to either the Zoom One Business Plus or Zoom One Enterprise Plus packages (in applicable countries).

Zoom also extended its automated captioning "" the ability to caption in real–time what a speaker is saying in the same language as the one spoken "" to include 10 additional languages. Automated captions previously were supported in English, but now can be displayed in the additional 10 languages referenced above. Multi–language automated captions are available in Business Plus, Enterprise, and Enterprise Plus packages with additional support for other plans coming soon.

About Zoom
Zoom is for you. Zoom is a space where you can connect to others, share ideas, make plans, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Zoom Public Relations
Candace Dean
Corporate PR Lead
press@zoom.us


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Audax Private Equity Announces Strategic Growth Investment in BlueCat Networks

TORONTO, June 23, 2022 (GLOBE NEWSWIRE) — Audax Private Equity ("Audax") today announced it has entered into a definitive agreement to make a strategic growth investment in BlueCat Networks ("BlueCat" or the "Company"), a leading provider of mission–critical, infrastructure software. Financial terms of the transaction were not disclosed.

Founded in 2001, BlueCat is a leading provider of mission–critical, infrastructure software for network control, automation, and security. BlueCat's Adaptive DNS platform is a dynamic, open, secure, scalable, and automated resource that supports the most challenging digital–transformation initiatives, such as adoption of hybrid cloud, virtualization, and rapid–application development. Some of the largest global enterprises, including 30% of the Fortune 100, trust BlueCat to provide the foundation for digital–transformation strategies such as infrastructure and application modernization, and manage cybersecurity risk through protective DNS security.

"Since our founding more than two decades ago, BlueCat has strived to ensure reliable, secure, and rapid access from users and devices to clouds and applications "" making DNS an enabler of digital transformation and cloud adoption. This investment represents a significant milestone for our company, customers, employees, and all of our stakeholders, as we commence the next phase of our growth journey. Audax has a lengthy and reputable track record of successfully partnering and working collaboratively with software and technology companies in infrastructure and security, in particular by deploying its Buy & Build strategy to expand offerings and move into adjacent markets, and we look forward to benefiting from the firm's value–add resources," said Stephen Devito, Chief Executive Officer of BlueCat Networks.

"Having helped some of the biggest enterprises in the world overcome the compounding complexity in their networks, BlueCat possesses a high quality and innovative business model that is primed for both organic and inorganic growth," said Iveshu Bhatia, Managing Director at Audax. "Importantly, BlueCat is positioned well to capitalize on the growth in network complexity driven by device expansion, cloud adoption and security requirements with its existing customers, and accelerate new customer growth through additional investment in channel partnerships. We are thrilled to have the unique opportunity to work closely with Stephen and the entire BlueCat management team to help take BlueCat to the next level," said Timothy Mack, Managing Director at Audax.

Doug Grissom, Managing Director at MDP, said, "It has been a pleasure to work with Stephen and the entire BlueCat team and help them grow the business and extend BlueCat's leadership as the trusted partner for companies implementing digital–transformation initiatives. We are confident that BlueCat has a bright future ahead in partnership with Audax."

The transaction is anticipated to close in the third quarter of 2022 and is subject to certain closing conditions, including the waiting period required by the Hart–Scott–Rodino Act. Upon closing, Audax will own a controlling stake in BlueCat, with MDP fully realizing its investment in BlueCat.

William Blair and Nomura Securities International, Inc. are serving as financial advisors to BlueCat. Ropes & Gray is serving as legal counsel to Audax and Kirkland & Ellis is serving as legal counsel to BlueCat and MDP.

About BlueCat

BlueCat is the Adaptive DNS company. The company's mission is to help the world's largest organizations deliver reliable and secure network access from any location. To do this, BlueCat re–imagined DNS. The result "" Adaptive DNS "" is a dynamic, open, secure, scalable, and automated resource that supports the most challenging digital transformation initiatives, like adoption of hybrid cloud and rapid application development. The company is headquartered in Toronto and New York and has additional offices throughout the world, including Germany, the United Kingdom, Japan, and Singapore.

Learn more at bluecat.com.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $9 billion in 150 platforms and over 1,100 add–on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax Private Equity seeks to help platform companies execute add–on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 300 employees, Audax is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: www.audaxprivateequity.com or follow us on LinkedIn.

About Madison Dearborn Partners, LLC

Madison Dearborn Partners, LLC ("MDP") is a leading private equity investment firm based in Chicago. Since MDP's formation in 1992, the firm has raised aggregate capital of over $28 billion and has completed over 150 investments. MDP invests across five dedicated industry verticals, including basic industries; business and government software and services; financial and transaction services; health care; and telecom, media and technology services. For more information, please visit www.mdcp.com.


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