The company trying to dethrone Zoom
Zoom have had a pretty remarkable journey to the top of the video conferencing food chain. Despite being around for just under ten years, the company, headquartered in California, have made substantial growth in paying customers, business users and revenue in the last twelve months. Now I probably don't need to tell you the reason behind such growth- but let's just say that the majority of users have jumped onto the surging videotelephony service as a result of a lockdown-inducing virus. It serves as an innovative method of connecting multiple users via online video calling, supplemented with chat functioning and some rather funky augmented backgrounds. But the influence of this SaaS (Software as a Service) supersedes the expectations around performance indicators and objectives initially made by Zoom. Revenue for the business has grown by 169% - smashing figures from its previous year. Zoom have also left their mark on the industry as a whole, registering over 300 million