Video Communications Company, Pexip, Announces Strong Internal Growth Momentum
Passes Milestone of 300 EmployeesThe video communications provider, Pexip, today reported that it has passed a new milestone, with the Company now numbering more than 300 employees. Pexip was listed on the Oslo Stock Exchange in May 2020 in Norway’s first fully virtual IPO. Following the IPO, Pexip’s long-term goal is to reach USD 300 million in Annual Recurring Revenue (ARR) by 2025, up from USD 66 million today. One of the key elements of this expansion is growing the team. In its Q2 financial presentation, the Company estimated that it would have 350-400 employees by the end of 2020.