Lifesize have today announced it has tipped over the $100 million mark in bookings with an 80% annual growth rate for annual recurring revenue over the prior four years. Demand for Lifesize’s world leading video conferencing solutions, expanding partner base and consistently excellent customer satisfaction results spurred growth around the globe.
Market Research shows that the global enterprise collaboration market is expected to surpass $60 billion by 2023, with video conferencing solutions reaching an all-time high among businesses today. Lifesize is an established leader in the industry, with brand including LinkedIn, Netflix and Yelp as key customers alongside thousands of small-medium businesses around the world.
Lifesize also published results of:
- 60% of revenue is generated from outside of America
- Enterprise customers grew 62% year on year
- More than 3,500 global partners, distributors and resellers, including more than 400 new Lifesize partners added since January 2018
- First 4K cloud-based video conferencing solution launched in Q4 2018
- Industry-leading 2018 NPS score of 84
Introduced in 2014 and used by thousands of organizations around the world, 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 with a reliable, intuitive interface.
“Organizations large and small are increasingly investing in video conferencing and digital collaboration technologies because these solutions are how business gets done today,” “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.”
– Craig Malloy, Lifesize CEO.
The latest growth follows a number of announcements in the past 6 months from Lifesize, including the launch of the world’s first portfolio of 4K Video Conferencing solutions including the Lifesize Icon 700 for boardrooms and the Lifesize Icon 300 for the Huddle Room.