Vbrick Closes $20 Million in Funding To Fuel Rapid Global Expansion of Enterprise Video
19 June 2018 - 10:30PM
Business Wire
Vbrick, the leading provider of enterprise video software, today
announced it has received $20 million in funding led by Morgan
Stanley Expansion Capital, with participation from existing
investors Acme Nova and Adams Capital. The funding will build upon
the rapid adoption of Vbrick’s video platform into the enterprise
market by accelerating the pace of innovation, growing sales and
marketing, and fueling the company's partner ecosystem.
Since the launch of Vbrick’s flagship Rev platform in 2015, the
company has added over 300 new customers and experienced over 100%
annual subscription revenue growth. For 2018, Vbrick was recognized
as Cisco’s Global Independent Software Vendor Ecosystem Partner of
the Year, highlighting a close business partnership underscored by
a 96% increase in partner bookings this past year.
"The continued growth of our customer base demonstrates the
increasing demand for enterprise-grade video platforms and the
broad applicability of our technology across executive
communications, collaboration, and training needs. We have an
exciting pipeline of ideas and innovations to bring our customers,
and are thrilled to be partnering with Morgan Stanley Expansion
Capital," said Shelly Heiden, Vbrick’s CEO. "Support from new and
existing investors will allow us to continue to rapidly innovate
and meet the surge in customer demand."
Fortune 500 customers use Vbrick’s Rev platform to stream and
record their executive webcasts, to connect with their employees
globally, and to consolidate all recorded video into a single
system of record for consistent messaging across their
organizations.
“Vbrick’s tremendous customer retention and satisfaction
provides strong support for our thesis that enterprise customers
will increasingly turn to video as the most effective form of
communication with employees, customers, and partners,” said Pete
Chung, Managing Principle and Head of Morgan Stanley Expansion
Capital. “The Rev platform’s unparalleled ease in enabling live
video streaming and rapid access to video content is fulfilling an
unmet need in the market place for enterprise video.”
About Vbrick
Vbrick believes in the power of video to transform the
workplace. Its Rev enterprise video platform removes the technology
and pricing restraints that have held business back from tapping
video’s clear advantage to persuade, inform and compel people,
wherever they are. Visit vbrick.com.
Vbrick and Rev are trademarks of Vbrick Systems, Inc., USA.
About Morgan Stanley Expansion Capital
Morgan Stanley Expansion Capital is the growth-focused private
investment platform within Morgan Stanley Investment Management.
Funds managed by Morgan Stanley Expansion Capital target growth
equity and credit investments within technology, healthcare,
consumer, digital media and other high growth sectors. For over
three decades, Morgan Stanley Expansion Capital has successfully
pursued growth investment opportunities and has completed
investments in over 190 companies leveraging the global brand and
network of Morgan Stanley.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180619005208/en/
VbrickWarren Smith, VP of
Marketing703-829-0371warren.smith@vbrick.comorSpeakerBox
CommunicationsLisa Throckmorton, 703-287-7803