In today’s top connected economy news, Warby Parker is making renewing contact lenses and glasses prescriptions easier with an update to its iOS offering, while Rent The Runway has confidentially filed to go public. Plus, Zoom is looking to purchase Five9 in an about $14.7 billion all-stock deal.
Warby Parker Adds Contact Lens Prescription Renewal To Mobile App
Warby Parker, the digital eyewear retailer, is making updating contact lens and glasses prescriptions simpler with an update to its iOS program. The new mobile program joins Warby Parker’s algorithm with Apple-exclusive software named Vision Framework to operate the virtual vision test only on a phone. This is the first time the firm will provide a contact lens prescription renewal choice on its app.
Rent The Runway Confidentially Files To Go Public
Rent The Runway confidentially filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). The firm said in an announcement that it has not determined the amount and price of shares of Class A common stock to be provided at the present time. The IPO is also subject to the SEC’s review workflow and “subject to market and other conditions.”
Zoom Signs $14.7B Acquisition Deal For Five9
Zoom, the video conferencing system, is intending to buy cloud contact center firm Five9 in a roughly $14.7 billion all-stock deal. Investors in Five9’s stock will get 0.5533 shares of Class A common stock of Zoom Video Communications for every share of Five9. Zoom Founder and Chief Executive Officer Eric S. Yuan said in the announcement that the firm is “continuously looking for ways to enhance our platform, and the addition of Five9 is a natural fit.”
KUKApp Wants To Help Shopify Merchants Publish Apps
KUKApp, the white-label solution, is now available to retailers on Shopify, letting companies publish apps with Google Play and App Store inside of a day. The firm says it seeks to “replace both development teams and app builders” by offering a less lengthy release cycle than other offerings.
NEW PYMNTS DATA: DIGITAL BANKING STUDY – THE BREWING BATTLE FOR WHERE WE WILL BANK
About: Forty-seven percent of U.S. consumers are shying away from digital-only banks due to data security worries, despite significant interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can shore up privacy and security while offering convenient services to satisfy this unmet demand.