Zoom Video Communications, Inc. (NASDAQ:ZM) shares are trading higher on Tuesday. The company launched new add-on products and functionalities to enhance its advanced enterprise offerings.

These offerings, which were included with Zoom Workplace Enterprise licenses, are expected to improve business continuity, optimize bandwidth, enhance security, simplify management, and support communications compliance.

The new advanced enterprise products enhance Zoom’s portfolio, catering to the complex needs of large organizations and regulated industries such as finance, healthcare, and government.

Smita Hashim, chief product officer, Zoom said, “Our advanced enterprise products and features are essential tools built for Zoom Workplace and Zoom Business Services like Zoom Events and Zoom Contact Center that work behind the scenes as part of the Zoom network infrastructure to provide exceptional experiences to our customers.”

This month, Zoom and Mitel partnered to deliver a hybrid cloud solution integrating Zoom Workplace and Zoom AI Companion with Mitel’s communications platform.

This collaboration addresses the demand for hybrid unified communications (UC), offering a secure and productive experience for mission-critical communications.

Investors can gain exposure to the stock via Global X Cloud Computing ETF (NASDAQ:CLOU) and First Trust Indxx Metaverse ETF (NASDAQ:ARVR).

Price Action: ZM shares are up 1.31% at $69.69 at the last check Tuesday.

Photo via Shutterstock

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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