Zoom acquires Keybase as it seeks to boost security efforts

Zoom Video Communications Inc. announced Thursday that it has acquired Keybase, a secure messaging and file-share company. The deal "will accelerate Zoom's plan to build end-to-end encryption that can reach current Zoom scalability," the company said in a release. Zoom Chief Executive Eric Yuan said in the release that the acquisition "significantly advances our 90-day plan to enhance our security efforts." The company didn't disclose financial terms in the release. Zoom has faced criticism in recent months for its privacy and encryption policies, and the company vowed to be more proactive about security issues on the video-conferencing platform. Shares are up 3.1% in premarket trading Thursday. They've added 32% over the past month as the S&P 500 has gained 7.1%.

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