Company Attributes 500% Revenue Growth to Skyrocketing Demand for Self-serve Video Content Creation in the Enterprise
Socialive, the self-serve video content creation platform for the enterprise, today announced it placed 258th on the Deloitte Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America. Socialive was recognized for the company’s 500% revenue growth from 2017 to 2020.
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Socialive, the self-serve video content creation platform for the enterprise, today announced it placed 258th on the Deloitte Technology Fast 500.
“Video has become the preferred means of storytelling, audience engagement and communication for businesses over the past several years, experiencing record-breaking adoption during 2021 – with no end in sight,” said David Moricca, founder and CEO of Socialive. “To meet the evolving needs of modern enterprises amid this paradigm shift, we made significant investments in our self-serve platform for video content creation. As a result, there’s been a massive increase in demand for our solution across the Fortune 500 and high-growth companies. Our placement on the Deloitte Technology Fast 500 is a testament to the commitment and dedication of our entire team to help businesses drive value through better and more frequent video creation.”
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According to The 2021 State of Enterprise Video: Creation, Broadcasting, Distribution study, 88% of enterprises today expect their video content output to expand dramatically in the next year to meet increased company-wide demand. However, producing great videos at scale while maintaining brand standards is challenging since companies often lack the budget, team capacity and internal expertise. With its self-serve video content creation platform, Socialive makes it fast and easy for enterprises to create, broadcast and distribute unlimited live and on-demand videos at studio quality. Socialive gives anyone the ability to become their own prolific video creator, regardless of their technical expertise.
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
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