Over here at Panopto, we tend to spend much of our time geeking out on video usage stats, thinking about codecs and media pipelines, and sharing stories about the clever ways our customers are enhancing teaching and learning with video. Today, however, we’re taking a few minutes to acknowledge one of our own achievements.
Once again, Panopto has been named one of Inc. Magazine’s fastest growing privately-held companies in America for 2017.
We’ve achieved record-breaking growth in our business recent years, and today we’re proud to be an industry leader in video content management, live streaming, video capture, and inside-video search. Inc. 5000 rankings are based on percentage revenue growth from 2013 to 2016, during which Panopto experienced a 90 percent increase.
And things continue to look up — in 2016, our worldwide enterprise bookings grew 52 percent year-over-year, and customer commitment reached an all-time high with a 95 percent renewal rate. We also welcomed notable new clients including NetApp, Yale University, GE Research, and University of Pennsylvania.
“Video libraries are the future of knowledge sharing and information retrieval for businesses and universities,” said Eric Burns, co-founder and CEO of Panopto. “Being ranked on the Inc. 5000 for the second time is evidence of the continuously growing demand for video in among businesses and universities.”
We’ve come a long way since we spun out of the Innovations Lab at Carnegie Mellon University in 2007, and this year we are gearing up to celebrate our 10-year anniversary. With over 5 million end users in businesses and universities around the world and more than 2 million videos in our cloud, we now have offices in Seattle, London, Hong Kong, Beijing, Sydney, and still proudly maintain our operations headquarters in Pittsburgh’s South Side. Read more about our story here.
See Why Panopto Is Growing So Quickly — Give Our Video Platform A Try!
If you’re curious about how Panopto can help your business or university create, host, share and search video, we’re happy to show you around our industry-leading video platform. Contact our team for a free trial today.