Many of the world’s largest financial institutions, technology companies, healthcare providers, federal government agencies, pharmaceutical companies, and managed service providers rely on Vyopta to optimize their investments in collaboration technology (e.g., video, voice, messaging, conferencing) and conference rooms. Hundreds of large enterprises, including AIG, AstraZeneca, Shared Services Canada, Stanford University, and the US Department of Veterans Affairs use its Collaboration Performance Management and Room Insights products.
This is why this leading developer of monitoring and analytics tools to optimize workplace collaboration announced the close of a $7.5 million Series B funding round by Elsewhere Partners. The funding will be used to deepen integrations with leading collaboration vendors including Cisco, Microsoft, Zoom and others, advance its platform’s ability to optimize collaboration performance, adoption and ROI, and expand its customer success and go-to-market teams.
“Companies are investing billions of dollars in collaboration technology and conference rooms to improve how their teams work together. Vyopta gives our customers the visibility and insights they need to fully leverage their technology investments, raise conference room utilization, and improve employee productivity,” said Alfredo Ramirez, CEO of Vyopta. “We are seeing accelerated traction with 80% growth in new and expansion business in the first half of 2019, and we look forward to working with Elsewhere Partners to improve the value we provide our customers and build a great company.”
In 2013 on our sister site MSP Today we broke the news of the company’s cloud-based vAnalytics 2.0, which allowed IT pros to analyze the performance of their video installations and how this video affects the business.
Fast forward to today – to further support Vyopta’s accelerated growth plans, Rod Favaron, who brings decades of operating experience as CEO of several companies including Spredfast and Lombardi Software, will join the Board as Chairman. In addition, Betsy Webb will join Vyopta’s advisory board. With over 18 years of experience at Microsoft, including serving as general manager of unified communications, Webb will help the company accelerate its Microsoft product and go-to-market initiatives.
“Enterprises need the right data and insights to get the most out of their investments in collaboration technology and workplace transformation initiatives,” said Favaron. “I am excited about the future of Vyopta and the impact the company is making for its customers.”
Applying analytics to allow intelligent decisions to be made about how best to allocate and utilize collaboration resources is a great example of the future of work in action!
Vyopta allows UC and workplace experience teams to optimize meeting room and huddle space usage, improve booking behavior, reduce real estate costs and increase ROI on collaboration technology.
This allows you to understand how rooms are used around the clock, what activities took place in and outside of calls, and which users are responsible for missed and inefficient meetings.
Customers can realize great savings using Vyopta tools – up to $160k in the first 90 days in fact.
It’s very exciting to see Vyopta get funded while filling a great void in the market for collaboration performance management.
Where do organizations go to learn more? The world’s only Future of Work Expo (collocated with the ITEXPO Digital Transformation #TechSuperShow) of course. Feb 12-14, 2020 in Fort Lauderdale, Florida.