Zoom to Acquire Kites GmbH
SAN JOSE, Calif. and KARLSRUHE, Germany, June 29, 2021 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it has signed a definitive agreement to acquire Karlsruhe Information Technology Solutions - Kites GmbH (Kites), a start-up dedicated to developing real-time Machine Translation (MT) solutions.
- SAN JOSE, Calif. and KARLSRUHE, Germany, June 29, 2021 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it has signed a definitive agreement to acquire Karlsruhe Information Technology Solutions - Kites GmbH (Kites), a start-up dedicated to developing real-time Machine Translation (MT) solutions.
- Kites talented team of 12 research scientists will help Zooms engineering team advance the field of MT to improve meeting productivity and efficiency by providing multi-language translation capabilities for Zoom users.
- With our aligned missions to make collaboration frictionless regardless of language, geographic location, or other barriers we are confident Kites impressive team will fit right in with Zoom.
- Dr. Stker and the rest of the Kites team will remain based in Karlsruhe, Germany, where Zoom looks forward to investing in growing the team.