Vyopta Raises $7.5 Million in Funding
Cash injection for monitoring and analytics brand
Leading developer of analytics and workplace monitoring tools, Vyopta, just announced that it had achieved a milestone in its latest Series B funding round. The company dedicated to workplace collaboration optimisation has now raised $7.5 million in funding, thanks to support from Elsewhere Partners. The new round of investment will help Vyopta to deepen existing integrations with vendors in the collaboration market like Microsoft, Zoom, and Cisco going forward.
Additionally, Vyopta is also planning on making additions to its platform’s features regarding optimisation of collaboration tool adoption, ROI, and performance.
Celebrating a Successful Funding Round
According to the CEO of Vyopta, Alfredo Ramirez, companies are currently investing billions of dollars into collaboration strategies and conference rooms that are designed to improve how their teams connect and work together. Vyopta will allow users to access the insights they need to make the most of their new investments, improve employee productivity, and more.
Currently, Vyopta is seeing excellent adoption rates, with 80% growth in new and expanded business opportunities during the first half of 2019. Now, the brand is excited about partnering with Elsewhere Partners to improve the value offered to customers around the world. Already, many of the globe’s largest institutions in industries like healthcare, federal government, pharmaceuticals, financial, and beyond utilise Vyopta to enhance their investments in collaboration tools for conferencing, messaging, voice and video. This includes groups like Stanford University, the AIG, and even the US Department for Veterans Affairs.
The founder and partner of the venture firm, Elsewhere Partners, Chris Pacitti, said that the business is committed to helping proven B2B disruptors such ad Vyopta enhance and scale their opportunities in the modern market. The Vyopta brand has already proven itself to be an exciting investment with its fantastic leadership team and significant market traction. The additional capital now available to the business will allow Vyopta to continue expanding it’s Room Insights and Collaboration Performance Management offerings.
Looking into the Future with Vyopta
The Vyopta team also recently announced that Rod Favaron, who has decades of operating experience as CEO with companies like Lombardi Software and Spredfast, will be joining the company as chairman of the board. Betsy Webb, an expert with more than 18 years of experience in Microsoft, will also be joining the Vyopta advisory board going forward. She has a background in working with various Microsoft products, including working in the general manager position for Unified Communications.
Rod Favaron commented that today’s enterprises are reliant on the ability to access the right insights and data to get the most out of their collaboration technology investments and transformation initiatives. Favaron is excited about what the future might hold for Vyopta, and the impact the company will have on its customers.