Videoconferencing platform Zoom has had a blockbuster yr, with its inventory value rising greater than 500 p.c due to the unprecedented surge in distant work introduced on by the coronavirus pandemic. But now the corporate is trying to develop past office video chat and into new territories, particularly email and calendar companies, in accordance to a brand new report from The Information.
The firm is already engaged on the email product, which the report states will likely be an online email service Zoom may start testing as early as subsequent yr. The calendar app seems farther off and it’s unclear if growth has even began. But each concepts are sensible avenues for Zoom to discover, particularly if firms begin bringing staff again to the workplace and reliance on videoconferencing declines as COVID-19 vaccine distribution picks up by 2021.
Many of Zoom’s main rivals are videoconferencing platforms bundled as a part of broader enterprise app suites, with the 2 greatest ones belonging to Microsoft with its Office 365 platform and Google with its competing Workspace bundle. Both of these platforms supply calendar, email, and videoconferencing merchandise, so it is smart Zoom would look to email and calendar to strive to spherical out its choices and make Zoom much less of single-purpose platform.
The Information’s report has a lot of different telling indicators the corporate is concerned about constructing a full enterprise app suite, together with job postings for “exciting chat features” and its present integrations with different apps like Asana and Dropbox. But there may be at all times the chance the corporate decides to wait and see how the shift again to workplace work impacts companies and whether or not distant work stays a distinguished issue of life nicely into the longer term. Zoom didn’t instantly reply to a request for remark.