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.