Zoom Video Communications, Inc. (NASDAQ: ZM) acquired Keybase, a secure messaging and file-sharing service.
The amount of the deal was not disclosed.
The acquisition of the team of security and encryption engineers will accelerate Zoom’s plan to build end-to-end encryption that can reach current scalability. As members of Zoom’s security engineering function, the Keybase team will provide important contributions to the company’s 90-day plan to proactively identify, address, and enhance the security and privacy capabilities of its platform.
Keybase offers end-to-end encrypted chat, file-sharing, and code-hosting all based on a cryptographic platform that cleanly handles multiple devices per user, and large, dynamic teams.
Max Krohn, Keybase.io co-founder and developer, will lead the Zoom security engineering team, reporting directly to Yuan. Leaders from the two companies will work together to determine the future of the Keybase product.
Founded in 2011 and led by Eric S. Yuan, CEO, Zoom Video Communications provides enterprises with a video-first unified communications platform featuring video meetings, voice, webinars, and chat across desktops, phones, mobile devices, and conference room systems .