Videxio and Pexip to Merge

Two companies in the enterprise collaboration market, Videxio and Pexip, today announced their intention to merge. Videxio, founded in 2011, is a provider of cloud videoconferencing and collaboration with solutions that fit companies and organizations of all sizes, from start-ups to enterprises. 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. Both organizations are privately held.

“The collaboration market is estimated to have a value of $35 billion U.S. dollars and is growing at 26 percent annually as enterprises adopt cloud technology at a rapid pace. Due to the accessibility of cloud-based collaboration services, more organizations than ever before have access to visual communication tools,” said Odd Sverre Østlie, CEO of Pexip. “We know that many organizations prefer a dedicated deployment with tight integration into their IT network, and over time want to combine this with cloud scalability. Others prefer a flexible public cloud service. A merger between Videxio and Pexip will put us in a unique position to offer a product portfolio that will meet the needs of a broader range of users while we continue to introduce innovative solutions to the market. The joint sales and channel organization will ensure wider coverage, while the more diversified customer base will create an even more sustainable and robust business offering.”

Upon finalization of the merger, the combined company will be called Pexip and will continue to serve more than 300 partners globally and users in more than 195 countries. Odd Sverre Østlie will become the CEO, while Videxio CEO Tom-Erik Lia will take on the role as chief commercial officer.

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The transaction is expected to be completed by the end of 2018, following regulatory clearances and shareholder approval.

Click here to watch a short video recorded by the two companies’ CEOs.

Gary Kayye

About Gary Kayye

Gary Kayye, founder of rAVe Publications, is one of the most prominent personalities in the audiovisual industry. He has been a contributor to WIRED magazine and a technical advisor and columnist for Sound & Communications magazine as well as an opinionated columnist for rAVe [Publications] since 2003. In addition to his writing and market analysis, Gary has been a product, marketing and business operations consultant to dozens of AV companies in the U.S. and overseas. Clients have included companies such as Sony, Sharp, Epson, Lutron, InFocus, Sanyo, Mitsubishi, NEC and Philips.   Gary, who has been involved with the audiovisual market for over 20 years, was the recipient of the InfoComm 2003 Educator of the Year Award and the 2007 NSCA Instructor of the Year Award. Over the years, he has donated much of his time as an active volunteer in the AV industry’s trade association and served as chairman of InfoComm’s Professional Education & Training Committee (PETC), chairman of the ICIA Design School Committee and chairman of InfoComm’s Installation School Committee. In addition, he has served on the InfoComm board of governors. He also helped grow the InfoComm Projection Shoot-Out as the premiere AV industry trade show special event serving on the committee from 1991 through 1997, and was instrumental in launching the Shoot-Out in the European market at the Photokina Expo in 1994 and 1996 as well as the Asian market at the 1995 and 1997 INFOCOMM Asia shows.   Prior to founding his own company, Gary was vice president of sales and marketing for AMX Corporation (www.amx.com), a manufacturer specializing in professional AV and residential AV control systems. Prior to AMX, Gary spent nine years at Extron Electronics (www.extron.com), rising to the position of vice president of sales and marketing. Gary earned his bachelor’s degree in journalism in 1987 from the University of North Carolina and is currently Adjunct Faculty at UNC in the School of Journalism teaching a class on how future technologies will affect the future of advertising, PR and marketing.   He is also the founder of Swim for Smiles, a non-profit that raises money for the N.C. Children’s Hospital through swimming and other fitness-related events for kids. You can contact him at gary@ravepubs.com..