Vbrick Systems, the leader in enterprise video platform solutions, today announced continued accelerating growth in Q3 2020 fueled by product innovation, increased new customer wins, and expanded use across its entire customer base.
Financial highlights for Q3 2020 include:
- 84% YOY Annual Recurring Revenue (ARR) bookings growth
- 2020 YTD subscription revenues up 50% versus 2019
- Gross Margin up 500 basis points from a year ago to 72%”Our results prove that enterprises today require the use of video far beyond the capabilities of traditional video conferencing and collaboration solutions” said Shelly Heiden, CEO Vbrick Systems, Inc. “Vbrick’s cloud-native Rev platform uniquely extends streaming and on-demand video capabilities across the entire enterprise, even those with tens of thousands of users. Rev works with leading solutions, like Cisco Webex, Zoom and Microsoft Teams, to allow users to massively increase their audience size for both live and stored video.” […]