Merging with another business is a busy time for any company, especially for leading video conferencing providers like Videxio and Pexip who have a keen eye eagerly awaiting some news.
UC Today caught up with Karl Hantho, President for Americas at Videxio, to see how the video giants were getting on six weeks since we broke the news of the intent to merge.
Merger was natural
Karl explained the merger was logical for both companies, with many similarities when comparing both businesses. Of similar size, and clearly similar product portfolios, Karl suggested the future of both brands is to integrate all staff then grow the business even further.
Both Videxio and Pexip have similar linear edges and customers experiencing the same problems. Getting video meetings and collaboration right first time is obviously hot topic in the industry right now, and customers of both companies iterated this. Both Videxio and Pexip's are rapidly growing companies, both share a go to market strategy via the channel, and they even had overlapping partners that could sell either solution.
The coming together of these two video giants will strengthen both parties on a technology level. Karl eagerly awaits the addition of introducing the as-a-Service model.
"This merger allows partners to address the same problems as before, but leave the deployment to the customer. They can choose to go on-prem or consume from the cloud".
Merger progress
Karl talked us through the processes completed so far. Videxio and Pexip have already gone through board approval, shareholder approval and are currently observing the six week cool off period set by Norwegian law.
