![]() ![]() ![]() ![]() Later that year, Zoom announced E2EE for meetings up to 200 participants. By April 2020, Zoom surpassed 300 million daily meeting participants.ĭuring a time of insane growth for Zoom, it acquired Keybase-an end-to-end encryption (E2EE) tool for secure messaging and file-sharing. ![]() In March, Zoom was downloaded 2.13 million times in one day. Zoom stock shot above its $36 IPO price almost immediately and peaked at $104.49 in mid-2019.īuilding on the success of video and phone services, Zoom Chat (now Zoom Team Chat) was launched as an in-app Slack-like messaging platform.Īnd then in early 2020, the world was rocked by the coronavirus pandemic, with millions of people forced to work from home. This was a pivotal moment that saw it change from a web meeting app to an all-around business communication service. In January 2019, Zoom launched its cloud telephone service ( Zoom Phone). In 2018, the Zoom app marketplace launched, housing various Zoom integrations to enhance the work experience within Zoom. The same accolades continued in 2017, 2018, and 2019. It was from this point on Zoom became a mature video conferencing product.īy 2016, Gartner (a global research company) had named Zoom a leader in its Magic Quadrant for Web Conferencing. Within five more months, Zoom had been used by one million different users. Within four months (Jan 2013), Zoom 1.0 became available to the public. By September 2012, its first iteration beta was released. Reportedly, when Eric pitched Cisco his idea for a mobile-friendly video system, it was turned down.īut, my word, haven’t Eric Yuan and Zoom been busy? Zoom history Note, Cisco dropped the upper case E from the second half of Webex. Eric took on the role of VP of Engineering for what would become Cisco Webex. WebEx was acquired by security and networking giant, Cisco, in 2007. In fact, Eric was one of the founding engineers and proved crucial to the success of its online meetings product. In 1997, Eric moved to San Francisco and was one of the first 20 hires on the WebEx team. The most recent of these qualifications comes during Eric’s time as VP of Engineering at WebEx-an online meetings platform. Stanford University Graduate School of Business.China University of Mining and Technology.Shandong University of Science and Technology (BS).As such, his first public work of video telephony was in his first year as a university student in 1987, where he developed a piece of bespoke video telephony software. Reportedly, Eric had been inspired to find a solution to his 10-hour train rides to visit his girlfriend. One man behind the success of Cisco’s collaboration platform, Webex, was Eric Yuan, now the Founder and CEO of Zoom. Pre-pandemic, video and collaboration vendors like Microsoft and Cisco could reel off battle cards with compelling adoption stats and endless features. With business transitioning from analog to digital, and traditional to modern work, remote work, video, collaboration, and business technology are developing at an exponential pace. “Work is no longer a place, it’s a space where Zoom serves to empower your teams to connect and bring their best ideas to life.” – Eric Yuan, Zoom. While Zoom recognizes the huge role the pandemic played in the uptake of its tools (yes, Zoom has many tools not just video), were we all heading into a world of Zoom anyway? With mind-boggling growth stats, like 300 million daily meeting participants and 3.5 trillion annual meeting minutes, Zoom has become a video conferencing giant in a little over 18 months. Since then, Zoom has been one of the largest beneficiaries of the remote work boom of 20. When COVID-19 brought the world to a halt in March 2020, Eric Yuan knew millions of people would rely on Zoom. ![]()
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