Pexip contract award

Pexip Holding ASA (Pexip) has secured a new contract with a large healthcare provider in Australia to enable virtual healthcare visits based on the Pexip Infinity software platform. The value of the contract is USD 2.4 million over three years (USD 800,000 per year). The contract will be included in the Annual Recurring Revenue (ARR) from Q1 2021. 

“We are proud to support our customers with enabling telehealth for a vast number of patients, thus bringing even better care to their users. Pexip’s strengths in security, customization and high-quality video meetings at scale make us a leading provider within video-based telehealth. Healthcare as a vertical has grown to more than USD 10 million in ARR for Pexip, compared to around USD 4 million at the start of 2020,” says CEO Odd Sverre Østlie.  

Investors: Mirza Koristovic,  Director Investor Relations, IR@pexip.com, +47 93 87 05 25
Media: Lars-Einar Petterson, Communication Manager, Lars.einar.petterson@pexip.com, +47 93 44 88 27

About Pexip | pexip.com

Pexip simplifies complex videoconferencing to empower organizations with face-to-face collaboration, no matter the location or technology. Our scalable platform enables high-quality video meetings, with enterprise-grade security, and is easily adapted to fit customers’ IT requirements and existing infrastructure. This makes Pexip the leading provider for  large enterprises and public sector organizations. The solution is sold through 300 channel partners in 75 countries and used in more than 190 countries. Pexip was listed on the Oslo Børs in May 2020.