On face value looks like a good strategic acquisition to help with the security issues that they have been encountering (goal of end to end scalability). Doesn’t appear that terms of the acquisition have been disclosed yet.
This is pretty darn significant. If they achieve below they become the undisputed standard in enterprise IMO. Which they pretty much already are.
The Near Future
Zoom will offer an end-to-end encrypted meeting mode to all paid accounts. Logged-in users will generate public cryptographic identities that are stored in a repository on Zoom’s network and can be used to establish trust relationships between meeting attendees. An ephemeral per-meeting symmetric key will be generated by the meeting host. This key will be distributed between clients, enveloped with the asymmetric keypairs and rotated when there are significant changes to the list of attendees. The cryptographic secrets will be under the control of the host, and the host’s client software will decide what devices are allowed to receive meeting keys, and thereby join the meeting. We are also investigating mechanisms that would allow enterprise users to provide additional levels of authentication.
These end-to-end encrypted meetings will not support phone bridges, cloud recording, or non-Zoom conference room systems. Zoom Rooms and Zoom Phone participants will be able to attend if explicitly allowed by the host. Encryption keys will be tightly controlled by the host, who will admit attendees. We believe this will provide equivalent or better security than existing consumer end-to-end encrypted messaging platforms, but with the video quality and scale that has made Zoom the choice of over 300 million daily meeting participants, including those at some of the world’s largest enterprises.
Another thread here: https://discussion.fool.com/zm-acquisition-34497064.aspx?sort=wh…