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Benzinga
Benzinga
Business
Anusuya Lahiri

Zoom Acquires Certain Assets From Liminal For Undisclosed Sum

  • Zoom Video Communications Inc (NASDAQ:ZM) recently acquired certain assets from Liminal. The financial terms of the transaction remain undisclosed.
  • Liminal is a startup company that offers event production solutions built primarily on Zoom’s SDK. 
  • Two of Liminal’s co-founders, Andy Carluccio and Jonathan Kokotajlo, will join Zoom. 
  • Liminal’s solutions, including their ZoomOSC and ZoomISO apps, will help bridge Zoom with traditional and emerging event control applications and hardware to help theaters, broadcast studios, and other creative organizations. 
  • Liminal’s software can connect multiple HD video feeds from Zoom to production-grade hardware and applications. 
  • Zoom looks to continue to be the leading comprehensive, one-stop, hybrid events management platform in the market. 
  • Zoom aims to cover the entire value chain from creative production, broadcasting, editing, and fully customizable live event experiences with robust pre-event planning, in-event management, and post-event analytics.
  • Zoom held $5.4 billion in cash and equivalents as of October 31.
  • Price Action: ZM shares traded lower by 0.93% at $185.70 in the premarket session on the last check Tuesday.
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