Pexip and Videxio, two leading innovators in the enterprise collaboration market announced their intention to merge. Pexip, founded in 2012, provides a software-based meeting platform that is designed for cloud and used both as a dedicated enterprise application and a service provider platform. Pexip Infinity is a Microsoft-certified interoperability solution for both Skype for Business and Microsoft Teams. In 2018, Google Cloud partnered with Pexip to enable interoperability to Google Hangouts Meet. The company has been profitable since 2016 and has nearly tripled Annual Recurring Revenue (ARR) over the previous three years.
Videxio, founded in 2011, is a global provider of cloud videoconferencing and collaboration with solutions that fit companies and organizations of all sizes, from start-ups to enterprises. The company has been profitable since 2014 and has grown ARR by more than 270% over the previous three years while paid user traffic has grown over 875% during the same period. Both organizations are privately held.