Member Article

Zoom UK sees revenue grow by over 275 per cent

The rise of Zoom Video Communications continues as it announces an increased UK headcount and its relocation to larger London premises. Zoom UK has seen year on year revenue grow by over 275 per cent and a nearly 150 per cent YOY increase in its UK customer base.

Zoom’s cloud-based platform is designed to help organisations drive overall communication and collaboration across mobile, desktop, and meeting spaces, and today’s announcement highlights some impressive milestones:

• Hosting over 20 billion annualised meeting minutes (up from 6.9B last year)

• Counting 40 per cent of the Fortune 50 as customers

• Expanding customer options by establishing partnerships with Polycom and Crestron, as well as optimising its integration with Cisco video endpoints

• Significant positive cash flow with $100 million in Series D funding from leading venture capital firm Sequoia at a $1B valuation (total $145.5 MM funding)

• Increasing its already industry-leading Net Promoter Score (NPS) to 72

• Named the fastest growing app on Okta in the EMEA market

• Hosting Zoomtopia, its first annual user conference, where it showcased a series of product innovations, including digital signage, enhanced integration with Slack, support for Workplace by Facebook, and recording transcripts

Customer Al Pooley, VP of Infrastructure & Cloud Services at Sophos, who commented: “Our global enterprise suffered from too many communications solutions, all of which left us unsatisfied in one way or another, particularly regarding ease of use, integrations, and scalability. We needed to find a better way to connect our 77 offices and numerous remote workers.” Pooley continued: “Zoom has provided us one comprehensive communications solution that scales across all our end users and meeting spaces. Zoom has been pivotal in enabling us to build and strengthen teams across multiple geographies quickly and cost-effectively. Most importantly, our users, right up to our CEO, love it.”

Eric S. Yuan, founder and CEO of Zoom, added: “As the market demands effortless collaboration and future-proof technologies, Zoom has demonstrated our ability to increase productivity and reduce costs by providing the first solution specifically designed with video in mind. Already established as one of the fastest-growing business applications globally, we see a highly successful 2017 as the perfect springboard to achieving even more in 2018 for our UK and worldwide customers.”

Daniel Creigh, head of UK & Ireland at Zoom, commented: “The rapid growth of Zoom across the UK has been fuelled by an ever-increasing demand for simple-to-use and secure meeting experiences. Zoom has met these demands for streamlined communications, while enhancing business processes and delighting our users at every turn.”

This was posted in Bdaily's Members' News section by Pete Jackson .