HERNDON, VA, Vbrick, the leading provider of enterprise video software, today announced it has received $20 million in funding.
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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."
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.