Fuze Continues Momentum with New Funding, Product Innovation and Leadership
Fuze triples new user growth and engagement, exceeds milestone of a million meeting minutes per work day with users in over 100 countries.
Hermes Growth Partners takes larger stake in Fuze and operational role.
SAN FRANCISCO - Nov. 5, 2014 - Fuze, a leading enterprise video conferencing service that allows people to work anywhere, today announced Hermes Growth Partners has taken a larger ownership stake in the company, making an additional $9 million investment, as well as taking an operational role.
Hermes co-founder Bobby Yerramilli-Rao was appointed Executive Chairman of Fuze and Charlie Newark-French was named President of Fuze. Former CEO, David Obrand, continues to serve as a strategic advisor.
“I’ve been actively involved with Fuze for more than a year and am extremely excited about our ability to win in the converging video and web conferencing market,” said Yerramilli-Rao. “The Fuze service is resonating with knowledge workers around the world to the tune of a million high-quality meeting minutes every work day. The team has done tremendous work over the last year to deliver a breakthrough user experience across five platforms, build redundancy and reliability into the global infrastructure, and drive rapid user adoption into businesses around the world.”
“We believe our cloud-based video conferencing service is the easiest to use and most functional in the market today and we are improving it every day. We are now in a position to accelerate our go-to-market strategy,” continued Yerramilli-Rao.Accelerating growth
With a dynamic new user experience now available across Mac, iPhone, iPad, Windows, web browsers and meeting rooms, Fuze is growing rapidly. It currently has users in over 100 countries and the number of weekly customer sign ups and active monthly users has more than tripled in the last year. A new Fuze for Android application is planned for general availability this month.
Leading organizations such as Groupon, Ogilvy, Macys.com, and University of California Office of the President are standardizing on Fuze because of its seamless voice, video and content capabilities across devices, desktop and meeting rooms, its ability to easily connect with legacy video conferencing systems, and the significantly lower total cost of ownership, which can be half of other comparable products and services.
ThoughtWorks, a global technology consultancy with 3,000 employees in 13 countries and 32 offices is expanding its use of Fuze.
"With clients and projects distributed across the globe, it's critical for us to be able to work effectively across a range of locations and contexts," said David Whalley, CIO, ThoughtWorks. "We see a strong alignment with Fuze in our vision for a globally connected workforce. Fuze provides a consistent experience across devices, desktops and meeting rooms. We are expanding our usage to cover the entire organization."Fuze for Rooms changing the game in room-based video conferencing
The new Fuze for Rooms product is quickly gaining traction, complementing and often replacing traditional room-based video conferencing and telepresence systems. Fuze for Rooms is a new subscription license that allows companies to video-enable any room using off-the-shelf hardware, providing an immersive video experience. It is compatible with other Fuze applications and shares a common user experience.
An optional Fuze Telepresence Connect service provides interoperability with traditional video conferencing and telepresence systems from Cisco, Polycom, LifeSize and others, making it easy to connect with internal and external third-party video systems.About Fuze Fuze is redefining video conferencing in the workplace. Experience it at www.fuze.com. Read the Fuze blog: blog.fuze.com Follow Fuze on Twitter: @Fuze Visit Fuze on Facebook: Facebook.com/fuze
Media Contact Kevin Young Fuze kyoung(at)Fuze(dot)com