Vbrick Announces Continued Record Breaking Growth In Revenue
Cisco Systems, Inc. (CSCO)
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Source: PR Web
HERNDON, Va. (PRWEB) April 09, 2020 Vbrick, the leader in enterprise video platform solutions, today announced continued dramatic growth fueled by the sustained global adoption of its flagship product Rev across enterprise and federal government sectors.Vbrick's growth can be attributed to an increased global demand for scalable and secure live streaming and video on demand solutions to support communication and collaboration across the enterprise. In 2019, Vbrick grew Annual Recurring Revenue (ARR) bookings by 45% and this growth has accelerated to 87% during the first quarter of 2020. During the past 12 months, Vbrick has added nearly 100 new customers contributing to a total customer base that now exceeds 2.7 million licensed users while maintaining a 122% net enterprise customer retention rate. Vbrick has also seen significant pipeline expansion with an increase of 180% quarter over quarter as of the end of the first quarter of 2020."Over the past several years we have seen a ste
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