Vyopta announces Cisco integrations and a successful $7.5M in Series B funding

Vyopta, the developer of monitoring and analytics tools to optimize workplace collaboration, has recently announced the close of a $7.5 million Series B funding round by Elsewhere Partners. The funding will be used to deepen integrations with collaboration vendors including Cisco, Microsoft, Zoom and others, advance its platform’s ability to optimize collaboration performance, adoption and ROI, and expand its customer success and go-to-market teams.

“Companies are investing billions of dollars in collaboration technology and conference rooms to improve how their teams work together. Vyopta gives our customers the visibility and insights they need to fully leverage their technology investments, raise conference room utilization, and improve employee productivity,” said Alfredo Ramirez, CEO of Vyopta. “We are seeing accelerated traction with 80% growth in new and expansion business in the first half of 2019, and we look forward to working with Elsewhere Partners to improve the value we provide our customers and build a great company.”

Many of the financial institutions, technology companies, healthcare providers, federal government agencies, pharmaceutical companies, and managed service providers rely on Vyopta to optimize their investments in collaboration technology (e.g., video, voice, messaging, conferencing) and conference rooms. Hundreds of large enterprises use its Collaboration Performance Management and Room Insights products.

“Elsewhere Partners is committed to helping proven B2B software disruptors like Vyopta effectively scale their businesses,” said Chris Pacitti, founder, and partner of growth-stage venture firm Elsewhere Partners. “With a strong leadership team and tremendous market traction, Vyopta has established itself as the clear market leader of application performance management for unified communications, and the additional growth capital will help Vyopta further strengthen that position.”

To further support Vyopta’s accelerated growth plans, Rod Favaron, who brings decades of operating experience as CEO of several companies including Spredfast and Lombardi Software, will join the Board as Chairman. In addition, Betsy Webb will join Vyopta’s advisory board. With over 18 years of experience at Microsoft, including serving as general manager of unified communications, Webb will help the company accelerate its Microsoft product and go-to-market initiatives.

“Enterprises need the right data and insights to get the most out of their investments in collaboration technology and workplace transformation initiatives,” said Favaron. “I am excited about the future of Vyopta and the impact the company is making for its customers.”

Vyotpo also announced deeper integration with Cisco collaboration products and workplace transformation initiatives, provides Cisco customers with unparalleled telemetry and insights to improve performance, grow adoption, and optimize their collaboration and workplace transformation initiatives. Key capabilities include:

• Collaboration Performance Management (CPM): monitoring and analytics for Cisco video, voice, and messaging products.
• Cloud registered and on-premise endpoints monitoring to allow customers to optimize their hybrid collaboration environments.
• Room Insights: analytics to track room usage, reduce inefficient room bookings, and provide insights to reduce millions in wasted real estate costs.
• People count metrics from Room Kit Series endpoints and Webex boards and people presence from legacy endpoints to get deeper insights on actual room usage.

SOURCE Vyopta

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