Re-post article by Jordan Novet from VentureBeat
Blue Jeans Network, a company with web and native mobile applications for video conferencing, is announcing today a $76.5 million round of funding.
Companies have plenty of options if they want to hold a video conference for employees or partners. There’s LogMeIn’s join.me, Citrix’s GoToMeeting, Cisco’s WebEx, Logitech’s Lifesize, Google Hangouts, Microsoft Skype/Lync, and Zoom, to name a few. Blue Jeans emphasizes its interoperability with Lync, Hangouts, and other services, as well as even hardware systems from Cisco and Polycom. That way, everyone on a call doesn’t have to be logged into the same system.
Acquisitions in this market happen frequently. In April, for instance, Atlassian acquired Blue Jimp.
Blue Jeans customers include Facebook, GoPro, Pandora, and Stanford University.
In December, Blue Jeans launched the Primetime service to broadcast video streams to large audiences.
New Enterprise Associates led the new round in Blue Jeans, which started in 2009 and is based in Mountain View, California. Accel Partners, Battery Ventures, Glynn Capital, Norwest Venture Partners, Quadrille Capital, and former New York Yankees shortstop Derek Jeter also participated.
To date Blue Jeans has taken on $175 million.