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Pexip Named a Challenger in the 2021 Gartner® Magic Quadrant™ for Meeting Solutions

Pexip Named a Challenger in the 2021 Gartner® Magic Quadrant™ for Meeting Solutions
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Pexip delivers strong growth and early market traction on new technology innovation


Pexip delivers strong growth and early market traction on new technology innovation
Oslo, Norway, May 6, 2021 - The video communications provider, Pexip, today presented its quarterly results for the first quarter of 2021.
Pexip AS
Q1 2021
Pexip s subscription base measured in Annual Recurring Revenue (ARR) reached USD 87.2 million in Q1 2021, up from USD 56.7 million in Q1 2020, representing an increase of 54%. The growth was driven by several key customer wins including: New South Wales Health in Australia (USD 2.4 million over three years), to help power virtual healthcare visits; the UK Foreign, Commonwealth & Development Office (more than USD 1 million over three years), to enable connectivity between their video conferencing equipment and Microsoft Teams; and Honeywell, the American Fortune 500 conglomerate (undisclosed contract value), to provide the company’s video rooms with features such as Microsoft Teams interoperability and One Touch Join functional ....

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Pexip Wins Frost & Sullivan's 2021 Customer Value Leadership Award

Frost & Sullivan has recognized Pexip with the 2021 Customer Value Leadership Award for the Global Video Conferencing Industry. This award is a testament to Pexip's secure and flexible solutions which, combined with its strong technology leadership and customer-centric culture, are helping organizations around the world modernize their workplace collaboration. ....

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