KITCHENER, Ontario – December 20, 2019 – Vidyard, the main video platform for companies, proclaims that’s has closed a $15 million financing facility with the BMO Know-how & Innovation Banking Group to help future development initiatives. The power will assist Vidyard stay targeted on innovation and product improvement whereas financing strategic M&A & International Enlargement actions in order that the corporate can proceed rising, scaling, and offering clients with probably the most sturdy consumer expertise attainable.
Since 2011, Vidyard has helped companies of all sizes generate extra leads, speed up pipeline, and delight clients utilizing a video platform that allows the creation, internet hosting, optimization and measurement of on-line video content material. International leaders resembling Honeywell, LinkedIn, Citibank and Sharp depend on Vidyard to help their video content material methods throughout advertising, gross sales, and inside communications–and rapidly flip viewers into clients.
“Vidyard continues to make a worldwide 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 Know-how & Innovation Banking Group to assist finance methods meant to help our journey in turning 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 drastically profitable in utilizing video to rework communications and are seeing unimaginable development – being named to Deloitte’s Quick 50 record this yr,” stated Andrew Irvine, Head, Canadian Enterprise Banking, BMO Financial institution of Montreal. “What makes our workforce distinctive out there is their means to know the wants of innovation-driven corporations. We’re a associate on the journey and stay up for persevering with this relationship and serving to Vidyard speed up their development.”
In April 2019, BMO Financial institution of Montreal (BMO) launched its Know-how & Innovation Banking Group. This specialised group gives recommendation and funding to corporations at each stage of their lifecycle–from start-up to post-exit or IPO–and is uniquely positioned to assist expertise and innovation corporations, 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 the usage of on-line video. Going past video internet hosting and administration, Vidyard helps companies drive better engagement of their video content material, monitor the viewing actions of every particular person viewer, and switch these views into motion. International leaders resembling Honeywell, LinkedIn, Citibank and Sharp depend on Vidyard to energy their video content material methods and switch viewers into clients.
Media Contact:
Sandy Pell, Head of Company Communications, Vidyard
press@vidyard.com
