Company Attributes 500% Revenue Growth to Skyrocketing Demand for Self-serve Video Content Creation in the Enterprise
LOS ANGELES – Nov. 17, 2021 – 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.
“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 amidst 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.”
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.”
To learn more about Socialive, visit socialive.us.
About the 2021 Deloitte Technology Fast 500™
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Socialive powers self-serve video content creation for the enterprise. It’s the fastest, easiest way to create, broadcast and distribute unlimited live and on-demand videos with studio quality. The Socialive platform puts intuitive, professional-grade video production workflows into the hands of content producers and everyday business users, lowering the barrier to entry and increasing employee-created video output. Videos enable brands to connect with people in fresh, dynamic ways but it’s hard to produce great videos at scale while maintaining brand standards—budget, team capacity and internal expertise can be in short supply. Just-in-time production with Socialive unlocks use cases for video that build human connections through relatable content, turning video into a powerful engagement channel for employee, customer and partner communities to strengthen brand loyalty and company culture. Socialive’s Studio in the Cloud™ and integrated Virtual Green Room preserve the authenticity of live video while streamlining the end-to-end process from creation to delivery, consolidating the number of tools traditionally required for video production. Mobile friendly and simple to use, Socialive helps bring together diverse people and perspectives to amplify voices distributed across organizations and geographies. The platform’s industry-first remote recording capability captures high-quality video anywhere from any device with full enterprise-grade control. Leading enterprises and high-growth companies including Charles Schwab, Deloitte, Nike, Oracle, TikTok, The New York Times, Walmart and Zendesk use Socialive to drive business value through better, more frequent video creation. Meet the Moment With Video.™
Bhava Communications for Socialive
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