Video collaboration and meeting productivity solutions provider Lifesize has announced that it has surpassed $100 million in bookings with an 80% CAGR for annual recurring revenue over the last four years.
The company says the demand for its video conferencing solutions, growing partner ecosystem and consistently high customer satisfaction spurred growth both domestically and internationally.
According to MarketsandMarkets, the global enterprise collaboration market is expected to reach £45 billion by 2023. As demand for video conferencing and collaboration solutions
reaches an all-time high among businesses, Lifesize says it has established itself as a leader in a competitive collaboration technology industry, supporting large global brands such as Netflix,
Yelp and LinkedIn, as well as tens of thousands of small and mid-sized businesses.
Introduced in 2014, Lifesize’s cloud-based video conferencing solutions provide video, audio and web conferencing for one-to-one and one-to-many meetings. Built on WebRTC and open standards, Lifesize customers can easily connect and collaborate using native apps for iOS, Android, Windows, and Mac operating systems, or directly through the browser.
“Organisations large and small are increasingly investing in video conferencing and digital collaboration technologies because these solutions are how business gets done today,” said
Craig Malloy, Lifesize CEO (pictured).
“Lifesize is the only vendor providing end-to-end 4K video conferencing with 4K content for boardrooms, huddle rooms and everything in between. Our vision for the connected enterprise is based on our commitment to the whole meeting experience. With 4K-quality video technology built on a cloud platform, we deliver a demonstrably superior and intuitive collaboration experience that customers love.”
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