Hopin, last valued at $7.8 billion, has sold its flagship virtual events business with founder set to step down as CEO
Hopin, last valued at $7.8 billion, said on Wednesday it has sold its virtual events business.Hopin founder Johnny Boufarhat is also set to depart his role as CEO next month.
The pandemic darling captured investor attention during widespread lockdowns by offering software that enables businesses to host virtual and hybrid events. Hopin, founded in 2019, raised over $1 billion from heavyweight investors including Andreessen Horowitz, Tiger Global, and General Catalyst across five rounds in less than two years.
Now, Hopin said it has sold its main events business – Events and Sessions – to RingCentral, a publically-listed cloud communications provider. Other parts of the company, including acquisitions like Streamyard were not included in the deal. Terms of the deal were not disclosed.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
The Biden administration announced plans to crack down on child laborThe Biden administration just announced plans to crack down on more than 4,400 new cases of child labor in the US since October
Baca lebih lajut »
Amazon to double same-day delivery sites, increase speedInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »
9 state universities that could help graduates earn just as much as an Ivy educationInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »
Why private equity is going after the vanity economy and med spasInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »
15 high-quality stocks to buy with healthy profits: Morgan StanleyMorgan Stanley: Buy these 15 high-quality stocks that will maintain stable profits during a volatile earnings season
Baca lebih lajut »
Biden's Delaware vacation home: See inside Rehoboth BeachInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »