KITCHENER, Ontario – December 20, 2019 – Vidyard, the main video platform for companies, broadcasts that’s has closed a $15 million financing facility with the BMO Technology & Innovation Banking Group to help future development initiatives. The facility will assist Vidyard stay targeted on innovation and product improvement whereas financing strategic M&A & Global Expansion actions in order that the corporate can proceed rising, scaling, and offering clients with essentially the most strong consumer expertise potential.
Since 2011, Vidyard has helped companies of all sizes generate extra leads, speed up pipeline, and delight clients utilizing a video platform that permits the creation, internet hosting, optimization and measurement of on-line video content material. Global leaders similar to Honeywell, LinkedIn, Citibank and Sharp depend on Vidyard to help their video content material methods throughout advertising, gross sales, and inner communications–and shortly flip viewers into clients.
“Vidyard continues to make a global impact and is currently serving more than 50 million videos per day. With the accelerating trend of the world’s most innovative businesses turning to video to power their marketing, sales, and internal communications strategies–tomorrow, that number 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 Technology & Innovation Banking Group to help finance strategies intended to support our journey in becoming the dominant video platform provider that the world’s most successful businesses rely on.”
“As businesses continue to embrace the shift to digital, they are recognizing the importance of engagement. Vidyard has been greatly successful in using video to transform communications and are seeing incredible growth – being named to Deloitte’s Fast 50 list this year,” mentioned Andrew Irvine, Head, Canadian Business Banking, BMO Bank of Montreal. “What makes our team unique in the market is their ability to understand the needs of innovation-driven companies. We are a partner on the journey and look forward to continuing this relationship and helping Vidyard accelerate their growth.”
In April 2019, BMO Bank of Montreal (BMO) launched its Technology & Innovation Banking Group. This specialised group offers 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 sturdy North American presence.
Vidyard is the video platform for enterprise that helps organizations drive extra income by using on-line video. Going past video internet hosting and administration, Vidyard helps companies drive larger engagement of their video content material, observe the viewing actions of every particular person viewer, and switch these views into motion. Global leaders similar to Honeywell, LinkedIn, Citibank and Sharp depend on Vidyard to energy their video content material methods and switch viewers into clients.
Sandy Pell, Head of Corporate Communications, Vidyard