Moreover, he is highly positive about Vimeo, saying, “From live event streaming to workforce training, business adoption of video is gaining momentum, and we believe Vimeo’s best-in-class platform can become the leading one-stop-shop enterprise solution.” On a global basis, there are over 300 million SMBs and more than one million enterprises.Īccording to Jefferies analyst Brent Thill, the addressable market is estimated at a whopping $70 billion. The market opportunity is quite large as well. What’s more, although the users are primarily small and medium size businesses (SMBs), Vimeo has been getting more traction with enterprise customers. Vimeo generates revenues based on a freemium model. The company has about $316 million in the bank. In the latest quarter, revenues spiked by 57% to $89.4 million and the net profit came to $3.3 million, compared to a net loss of $20.3 million in the same period a year ago. Just some of the features include a sophisticated editing system, stock footage, screen recordings, and templates. The app makes it much easier for anyone to create and distribute professional quality videos. Consider that Vimeo has over 200 million users. But ultimately, Vimeo wound up being the real gem.įast forward to today: the company is a powerhouse in the online video industry. Interestingly enough, the main driver for the acquisition was CollegeHumor. They had created several other websites, including CollegeHumor, that were part of an organization called Connected Ventures.Ī couple years later, IAC acquired the company. The founders included two programmers, Jake Lodwick and Zach Klein. Vimeo got its start back in late 2004 (the company’s name is a blend of “video” and “me”). As for Vimeo, this is definitely one to keep an eye on. IAC has engineered 11 spin-offs, such as for Expedia ( EXPE), Match Group ( MTCH) and LendingTree ( TREE). The company is actually one of the most prolific dealmakers in Corporate America. Now, IAC is certainly no stranger to spin-offs.
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