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Zoom buys selected Liminal properties for an undisclosed amount
Zoom Video Communications Inc. recently acquired certain assets of Liminal. Financial terms of the deal were not disclosed.
Liminal is a startup that offers event production solutions based primarily on Zoom SDK.
Zoom will be joined by two of Liminal's co-founders, Andy Carluccio and Jonathan Kokotajlo.
Liminal solutions, including the ZoomOSC and ZoomISO applications, will help connect Zoom with traditional and emerging event control devices and applications to support theaters, broadcast studios and other organizations.
Liminal software can connect a variety of Zoom HD video sources to production devices and applications.
Zoom aims to remain the leading end-to-end hybrid event management platform in the market.
Zoom aims to cover the entire value chain, from creative production to broadcast and editing, and a fully customizable live event experience with pre-event planning, event management and post-event analytics.
Zoom has $5.4 billion in cash and cash equivalents as of October 31.
Price action: shares of ZM lost 0.93% to $185.70 in late early check trading on Tuesday.
SOURCE https://finance.yahoo.com/news/zoom-acquires-certain-assets-liminal-102321477.html
