KITCHENER, Ontario – December 20, 2019 – Vidyard, the main video platform for companies, publicizes that’s has closed a $15 million financing facility with the BMO Expertise & Innovation Banking Group to assist future progress initiatives. The power will assist Vidyard stay centered on innovation and product growth whereas financing strategic M&A & International Growth actions in order that the corporate can proceed rising, scaling, and offering prospects with essentially the most strong person expertise attainable.
Since 2011, Vidyard has helped companies of all sizes generate extra leads, speed up pipeline, and delight prospects utilizing a video platform that permits the creation, internet hosting, optimization and measurement of on-line video content material. International leaders comparable to Honeywell, LinkedIn, Citibank and Sharp depend on Vidyard to assist their video content material methods throughout advertising, gross sales, and inside communications–and shortly flip viewers into prospects.
“Vidyard continues to make a world affect and is at present serving greater than 50 million movies per day. With the accelerating development of the world’s most revolutionary companies turning to video to energy their advertising, gross sales, and inside communications methods–tomorrow, that quantity is on a trajectory to exceed 1 billion,” says Michael Litt, CEO, and Co-founder of Vidyard. “We’re excited to be working with BMO’s Expertise & Innovation Banking Group to assist finance methods supposed to assist our journey in changing into the dominant video platform supplier that the world’s most profitable companies depend on.”
“As companies proceed to embrace the shift to digital, they’re recognizing the significance of engagement. Vidyard has been enormously profitable in utilizing video to rework communications and are seeing unbelievable progress – being named to Deloitte’s Quick 50 record this yr,” mentioned Andrew Irvine, Head, Canadian Enterprise Banking, BMO Financial institution of Montreal. “What makes our group distinctive available in the market is their capacity to grasp the wants of innovation-driven firms. We’re a companion on the journey and stay up for persevering with this relationship and serving to Vidyard speed up their progress.”
In April 2019, BMO Financial institution of Montreal (BMO) launched its Expertise & Innovation Banking Group. This specialised group offers recommendation and funding to firms at each stage of their lifecycle–from start-up to post-exit or IPO–and is uniquely positioned to assist know-how and innovation firms, by tapping into BMO’s robust North American presence.
About Vidyard
Vidyard is the video platform for enterprise that helps organizations drive extra income by means of using on-line video. Going past video internet hosting and administration, Vidyard helps companies drive better engagement of their video content material, observe the viewing actions of every particular person viewer, and switch these views into motion. International leaders comparable to Honeywell, LinkedIn, Citibank and Sharp depend on Vidyard to energy their video content material methods and switch viewers into prospects.
Media Contact:
Sandy Pell, Head of Company Communications, Vidyard
press@vidyard.com