Video Communications Company Pexip Announces Annual Recurring Revenue Growth of 70%
(Oslo, Norway, 6th October 2020) The video communications provider, Pexip, today presented its annual recurring revenue (ARR) for the third quarter of 2020· Pexip’s subscription base measured in ARR reached USD 72.8 million in Q3 2020, up from USD 42.8 million in Q3 2019, representing an increase of 70%. · The Company reported an increase in ARR of USD 7.0 million for Q3 2020, compared with USD 2.7 million in Q3 2019. · In addition, the customer base acquisition announced in July is expected to have an overall impact on ARR of USD 2 to 3 million. Most of the bookings are expected to