Pexip

Pexip is a provider of video-based communication aggregation software formed in 2019 through a merger between cloud-based meeting platforms Pexip (founded in 2012) and Videxio (founded in 2011). The company's products range from self-hosted software to cloud service video solutions, all allowing companies with different conferencing products in different localities or parts of the organization to meet securely on the same platform. In December 2021, the company redefined its strategy to focus primarily on the areas of video infrastructure, critical meetings, and video enablement, where Pexip claims to have competitive differentiators. The company was listed on the Oslo Stock Exchange in May 2020 at a value of USD 942 million.

In December 2020, the company announced the launch of a new deployment option for its video conferencing platform, “Pexip Private Cloud.” It provides control, security, and privacy solutions to heavily regulated industries such as finance, healthcare, and government services. Pexip Private Cloud will be hosted on the Google Cloud Platform initially and will be extended to the Microsoft Azure Platform in 2021. The company’s offering also includes “Pexip Virtual Courts” (launched May 2022 ), a purpose-built communication solution for to streamline court communications, improve court flows through automation, and create custom experiences including branding and integrations for scheduling, authentication, and compliance.

Key customers and partnerships

The company served more than 4,400 customers as of December 2021. To address the growing global demand for video conferencing, Pexip utilized Equinix International Business Exchange data centers in January 2022 across Europe, Asia, Australia and the US. Equinix enables Pexip to deliver lower-latency video conferencing, and allows acceleration of its on-demand and secure cloud connections to centralize its digital infrastructure and cloud services on the Equinix platform.

Furthermore the company has technology partnerships with Google, Microsoft, Nvidia, Poly, and Zoom.

Funding and financials

Pexip recorded an EBITDA margin of 11.8% in FY2023. Total revenue was up 14.6% YoY at NOK 994 million (~USD 93 million); however, FY2023 full-year positive EBITDA was NOK 113 million (~USD 10.6 million).