Lifesize, Inc.

AUSTIN, TX--(Marketwired - July 21, 2016) - Lifesize ®, a global provider of audio, web and video conferencing technology, recognizes the two-year anniversary of its cloud-based video collaboration application with major customer growth and platform updates.

Lifesize, which transitioned from Logitech into an independent operating entity in December 2015 with the support of $17.5 million in venture capital to date, has undergone a significant transformation to address the growing need for enterprise-grade cloud video collaboration. Launched in 2014, its cloud-based video conferencing application has won more than 15 awards and recognitions.

In the last year, the number of Lifesize unique paying customer accounts have more than doubled. The platform now boasts more than 3,200 paid customer accounts, including Twilio™, Omnicom Group™ and SurveyMonkey™. Other highlights of Lifesize Cloud's momentum include*:

• Adding more than 140 new paying customer accounts per month
• 340 percent growth in registered individual users making calls year-over-year
• 200 percent growth in weekly minutes per call year-over-year
• 190 percent growth in weekly paid calls year-over-year

The cloud-based application, paired with Lifesize's industry-leading HD conference room camera and phone systems, radically simplifies the meeting experience by combining web, audio and video conferencing, as well as chat, call recording and sharing, into one intuitive, scalable and cost-effective platform.

"Over the past two years, Lifesize has been reinvented in the face of a rapidly changing market," says Craig Malloy, Lifesize CEO. "Traditional, on-premise video conferencing is dying as today's organizations look for a more practical solution for connecting and engaging their workforce. Lifesize's cloud-based collaboration platform converges essential meeting technologies into one solution. The thoughtful combination of industry-leading hardware, award-winning software as well as service and support, and a consistent user experience is unique. Our team's diligence and commitment to innovation has delivered remarkable success in a short period of time."

Updates over the past year include the introduction of Lifesize's web application , integrated group chat functionality, and Lifesize Cloud Amplify , a personal video library approach to recording and sharing video content -- an industry first. Lifesize also offers a financially backed Service Level Agreement (SLA) that underscores its commitment to ensuring the availability and reliability of its cloud-based video service.

For more information, stats and more insights from Lifesize CEO Craig Malloy, click here .

*The stats include paid customers and users only, excludes guest, trial or demo users and callers.

Additional Information:

• For more information about Lifesize, please visit www.lifesize.com
• Experience Lifesize Cloud with the free 14-day Lifesize Cloud trial
• Like Lifesize on Facebook: facebook.com/lifesizeHD
• Follow @lifesizeHD on Twitter
• Join other customers for collaboration, advocacy and insights at community.lifesize.com

About Lifesize

At Lifesize, we understand the power of connecting people to make the workplace great. For more than a decade, Lifesize has been at the forefront of video collaboration, delivering high-quality solutions designed to bring people together. We combine a best-in-class, cloud-based video conferencing experience, with award-winning, easy-to-use devices that are designed for any conference room so you can connect to anyone, anywhere. It's a meeting experience like no other. Our video conferencing solutions are designed for the demands of today's modern enterprise, yet fully accessible to businesses of any size. For more information, visit www.lifesize.com or follow the company @LifesizeHD .

Lifesize and the Lifesize logo are trademarks of Lifesize, Inc. and may be registered. All other trademarks are the property of their respective owners.

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