Vis børsmeldingen
customer engagement solution.
The utilization of video as a core communication tool has accelerated over the
last few years, not only for internal meetings in organizations, but also
increasingly in customer-facing applications across industries. Many
organizations in sectors such as retail and financial services are opening their
eyes to the huge potential video communication has to improve customer service
and interaction.
The addition of the Skedify customer engagement platform to the Pexip portfolio
enables Pexip to provide an end-to-end solution to meet the needs of customers
in key verticals, such as Financial Services, High-Involvement Retail and HR &
Recruitment. With Skedify’s capabilities for customer meeting scheduling and
lead qualification and video engagement, customer-facing teams can now be
equipped with a fully integrated solution by Pexip to enhance their lead
generation, productivity and customer experience. This type of video enablement
solution is a key strategic focus for Pexip and is a rapidly growing market.
Skedify’s estimated revenue for 2021 is EUR 1.3 million of which a substantial
share is non-recurring and EUR -0.7 million is EBITDA on a stand-alone basis.
The company has grown YTD subscription revenues with 90% compared to the same
period in 2020, and is expected to contribute in excess of USD 0.9 million to
Pexip’s ARR at the end of Q4 2021.
Pexip will acquire 100% of the shares in Skedify BV, for an enterprise value of
EUR 8.00 million on a cash and debt-free basis and an equity value of EUR 3.95
million, settled in:
· 275,917 shares valued at NOK 85
· EUR 1.58 million in cash
The Skedify founders (CEO and CTO) owning 62.2% prior to the transaction have
entered into a three year lock-up agreement for their shares, and will continue
as key leaders for this business area in Pexip. Skedify will be fully
incorporated into Pexip upon the closing of the transaction, which is expected
to be completed during November 2021. More details will be provided in Pexip’s
Quarterly Earnings Call to be held on 11 November.
“Pexip, with its secure and customizable platform, is leading the way in video
enablement and central to this is providing end-to-end solutions that bring
organizations and their clients closer together,” said Øystein Hem, Interim CEO
and CFO at Pexip. “In its capacity as a Pexip solution partner, Skedify has
already demonstrated successful growth by offering the Skedify platform and
Pexip video as a single solution. With the acquisition of Skedify, we are taking
this to the next level to offer our joint customers a platform that easily
integrates video to offer a leading customer-facing solution. This will make it
easier and faster for our customers to deploy a video-enabled digital customer
journey. We are excited to welcome the Skedify team onboard as part of Pexip.”
Arne Bassez, CEO of Skedify, commented that, “As a sales engagement solution, we
noticed video becoming increasingly important as a strategic customer facing
tool and we have been partnering with Pexip for a while to offer a branded video
offering. We chose Pexip for their enterprise security, customizability and
market-leading interoperability. This has now resulted in Pexip acquiring
Skedify, providing us with tremendous global scaling opportunities for the
Skedify solution. With a great team cultural fit, the acquisition made perfect
sense and we’re very excited to be part of the global Pexip team.”
For questions, please contact:
Øystein Dahl Hem, Interim CEO and CFO, oystein@pexip.com, +47 992 34 596
Investor Relations: IR@pexip.com, +47 948 05 851
About Pexip
Pexip is a video communication platform that empowers and connects people across
borders, business and technologies. Our scalable platform enables high-quality
video meetings, with enterprise-grade security, and is easily adapted to fit
customers’ IT requirements and existing infrastructure. This makes Pexip the
leading provider for large enterprises and public sector organizations. The
solution is sold through 300 channel partners in 75 countries and used in more
than 190 countries. Pexip was listed on the Oslo Stock Exchange in May 2020.
About Skedify
Skedify is a customer engagement solution for enterprises in Financial services,
HR & Recruitment, Public services and High-Involvement Retail with extensive
customer facing interactions that want to offer an end-to-end scheduling and
meeting experience, whether face-to-face physically or virtually through video,
to provide the best possible customer experience and commercial successes. With
Skedify’s integration capabilities from CMS to CRM and ability to handle complex
organizational needs, it’s a perfect fit for any enterprise aiming to streamline
their high-touch customer interactions.
Kilde
