The carrier will pay less than $500 million a person familiar with the terms said.
BlueJeans, the company’s brand name, is aimed at business, rather than consumer users, with encrypted videoconferencing. It has 15,000 customers and isn’t available free to consumers as services such as Skype and Zoom are.
The conferencing service gives the carrier the ability to help its corporate customers build telemedicine, remote learning and virtual training services, said Tami Erwin, head of Verizon’s business unit. The platform’s security and integration with workplace collaboration tools like Microsoft Teams was part of its appeal, she added.