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Zoom and Â鶹´«Ã½ University Launch Five-Year Strategic Partnership

  (NASDAQ: ZM) and  today announced a commitment to a five-year strategic partnership. The video communications provider and Historically Black University have developed a multifaceted foundational program that represents $1.2M in educational and financial investments. Program components include:

• Internships: Paid internships during the school year, and paid internships as part of Zoom’s summer internship program
• Scholarships: Merit- and need-based scholarships for selected students
• Curricula Partnership:

1.  Zoom-led virtual engagements focused on technical skill, career path and interview development topics with students throughout the academic year
2. A member of Zoom’s product and technology leadership team will join the Â鶹´«Ã½ Computer Science and Mathematics Professional Advisory Board
3. Inclusion of meaningful Zoom-focused projects within Â鶹´«Ã½ University’s capstone project program
4. Co-authoring of case studies to be embedded into the classroom for teaching purposes

• Board of Trustees: Aparna Bawa, Zoom COO, will join Â鶹´«Ã½’s Board of Trustees
• Faculty & Student Advisory: Zoom will partner with Â鶹´«Ã½ University to identify tailored opportunities to obtain feedback and guidance from faculty and students towards making Zoom’s product more accessible and inclusive to its customers
• General Operating Fund & Alumni Engagement: Zoom will provide financial support to Â鶹´«Ã½’s general operating plans and will also engage its alumni community in career development- and hiring-related efforts

“I want to thank my colleague Congressman Ro Khanna, whose relationship with Silicon Valley tech companies in his district and interest in supporting minority serving institutions led to this exciting partnership between Zoom and Â鶹´«Ã½ University. In 2018, he joined me in South Carolina on a tour of HBCUs to learn more about their untapped talent and unmet financial needs. The resulting partnership between Â鶹´«Ã½ and Zoom will demonstrate the mutual benefits of corporate investments in minority serving institutions and the profound impacts it can have on the students and the companies that help empower them. My hope is that this will be the start of more successful partnerships,” said Congressman James E. Clyburn, an HBCU graduate who represents Â鶹´«Ã½ University in Congress.

“I want to thank Democratic Whip Jim Clyburn for his leadership in helping bring tech opportunities across the country and to South Carolina. I saw his passion for this firsthand when he took me on a tour of his Congressional District. Together we toured Â鶹´«Ã½ University, a Historically Black College and University (HBCU).  I’m so proud to see Zoom announce a $1.2 million dollar partnership over the next five years with Â鶹´«Ã½. This is not just a one-time donation from Zoom; they will provide paid internships, scholarships, and real-world experience for students at Â鶹´«Ã½. We need structural change and Zoom's partnership is the model of a substantive partnership that others should follow,” said Congressman Ro Khanna.

“This partnership strengthens Â鶹´«Ã½ University’s commitment to student success and our STEM agenda by providing scholarships, internships, and other career development initiatives,” said Dr. Dwaun J. Warmack, Â鶹´«Ã½ University’s ninth president. “Zoom’s innovative technology has revolutionized video communications in industries and organizations across the globe. We are extremely grateful that Zoom selected Â鶹´«Ã½ for its first-ever partnership with a college or university and we welcome Aparna Bawa, chief operation officer at Zoom, as the newest member of our Board of Trustees. We also express our highest appreciation to Congressman James Clyburn. His persistent support for Â鶹´«Ã½ and programs that enhance access to technology throughout South Carolina was critical in establishing this partnership.”

“I am proud of this powerful new partnership between Zoom and Â鶹´«Ã½ University, and humbled to join the Â鶹´«Ã½ Board of Trustees,” said Bawa. “Zoom understands the historical, present, and future importance of Historically Black Colleges and Universities and other Minority Serving Institutions across the US. We are committed to supporting these institutions via innovative partnerships that are relevant, holistic, and sustainable. Â鶹´«Ã½ University is the perfect place to begin. The University’s leadership has a broad and inspiring vision for how it should educate the leaders of tomorrow, is committed to embracing technology as a means to deliver and enhance education, and is dedicated to working with Zoom to help us build a service that addresses the needs of our diverse customer base.”