- Vyopta — a company that offers monitoring and analytics tools to optimize workplace collaboration — has raised $7.5 million.
Vyopta — a leading developer of monitoring and analytics tools to optimize workplace collaboration — announced it raised $7.5 million in Series B funding by Elsewhere Partners. This round of funding will be used to deepen integrations with leading collaboration vendors including Cisco, Microsoft, Zoom and several others. And Vyopta is planning to advance its platform’s ability to optimize collaboration performance, adoption and ROI, and expand its customer success and go-to-market teams with the funding.
“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 world’s largest financial institutions, technology companies, healthcare providers, federal government agencies, pharmaceutical companies, and managed service providers utilize Vyopta to optimize their investments in collaboration technology such as video, voice, messaging, conferencing. This includes enterprises like AIG, AstraZeneca, Shared Services Canada, Stanford University, and the US Department of Veterans Affairs 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.”
Vyopta also announced that Rod Favaron — who has decades of operating experience as CEO at several companies like Spredfast and Lombardi Software — is joining the board as chairman.
And Betsy Webb is joining Vyopta’s advisory board. Webb has more than 18 years of experience at Microsoft, including serving as general manager of unified communications
“Enterprises need the right data and insights to get the most out of their investments in collaboration technology and workplace transformation initiatives,” explained Favaron. “I am excited about the future of Vyopta and the impact the company is making for its customers.”
